Indonesian Authorities Pledged to Maintain Retail Inflation

14 February 2020

Research

Indonesian Authorities Pledged to Maintain Retail Inflation in a range of 2% -4% this year as they seek to foster household consumption and purchasing power to support growth in southeast asia`s largest economy. The government will seek to frontload budget spending and ensure speedy disbursement of funds to local governments and agencies to maintain economic growth momentum, Iskandar Simorangkir, a deputy for macroeconomics and financial coordination at the finance ministry tells reporters in Jakarta. (Bloomberg) Treasury Yields Fell On Thursday, Following a Sharp Rise in the Reported Number of New Coronavirus Deaths. The Yield on the Benchmark 10-Year Treasury Note, was lower at around 1,5763%, while the yield on the 30-year treasury bond was also lower at around 2,0449%. Market focus is largely attunely to China`s Fast-Prreading Coronavirus. China Confirmed 15,152 New Cases of the Flu-like Virus on Thursday, with 254 Additional Deaths. That brings the country`s total death toll to 1,367 as the number of people infected hit 59,804, according to the government. (CNBC) Source: Danareksa Securities Debt Research Photo by Thomas Le On Unssplash