3 September, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS August 2019 CPI inflation Headline inflation quickened to a 20-month high of 3.5% yoy in August, while core inflation increased to 3.3% yoy, the highest since February 2017. Drought, rising gold prices and
25 June, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS June 2019 BI meeting Bank Indonesia left the 7-Day Reverse Repo Rate (7DRRR) at 6% but decided to lower Rupiah reserve requirement by 50bp, effective 1 July 2019. Dovish turn in global monetary
13 June, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS May 2019 CPI inflation Headline inflation in May accelerated past 3% for the first time this year, to reach a 13-month high of 3.3% yoy. Seasonally-higher demand during Ramadan was the key contributor
15 May, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS 1Q19 balance of payments The 1Q19 current account deficit (CAD) improved to US$7.0bn/2.6% of GDP, the smallest since 2Q18, though it fell short of our expectation. We raise our CAD forecast to US$29.6bn/2.7%
10 May, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS 1Q19 GDP growth 1Q19 real GDP growth came in slightly below expectation at 5.1% yoy on slowing investment activity and the drag from inventory contribution. We raise our 2019 GDP growth forecast by
6 May, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS 1Q19 direct investment realisation Total realised investments fell 2.8% yoy to US$13.4bn in 1Q19 as the gains in the tertiary sector were insufficient to offset declines in other sectors. We expect investments to
18 March, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS February 2019 trade The trade balance swung into a surplus of US$330m in February amid a steeper contraction in imports relative to exports. February’s rebound lowered cumulative trade deficit to US$734m in 2M19
28 February, 2019
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS February 2019 Bank Indonesia meeting Bank Indonesia (BI) kept its 7-Day Reverse Repo Rate (7DRRR) steady at 6.00%, as widely expected. Reducing the current account deficit (CAD) to 2.5% of GDP is a
14 November, 2018
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS 3Q18 GDP growth: In line with expectation 3Q18 real GDP growth of 5.2% yoy was supported by investment activity and public consumption whereas net exports remained a drag on GDP growth. We revise
7 November, 2018
By Lim Yee Ping, Economist, CIMB Research and Economics and Michelle Chia, Economist, CIMB Research and Economic
HIGHLIGHTS 3Q18 direct investments Direct investments (DI) fell 5.7% yoy to US$12.5bn in 3Q18 due to a deeper contraction in foreign direct investments (FDI) of 20.2% yoy to US$6.6bn. DI in manufacturing sector was
