In June 2024, banks raised deposit rates to maintain third-party funds, responding to the increase in the BI rate.
The bond yields of the US Treasury and IndoGb in June 2024 moved in different directions.
The biggest challenge in June 2024 was the pressure on the exchange rate. The depreciation of the Rupiah was driven by the elevated Fed rate.
The World Bank projects global growth to stabilize at 2.6% in 2024, with a slight increase to 2.7% in 2025-2026.
Based on the Mandiri Spending Index (MSI), consumer spending up to the end of June 2024 has tended to remain stagnant.
The fiscal budget shows that the government continues to engage in significant spending, which can have a positive impact on the overall economy.
The Great Sale season in the capital market coincides with the sale season in shopping malls, affecting both the bond and stock markets.
May 2024 is calmer compared to the previous month, which was highly concerned about Middle East geopolitics, US inflation, and exchange rates.
BI is issuing more SRBI because the transmission of the BI Rate to bank interest rates (market rates) is not occurring quickly.
The objective on May 24 was to identify underlying assets with greater liquidity in the money market. Government money market (MM) bond yields exhibit relative stability,
