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Daily Report

29 May 2023

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Macro Strategy Mei 2023: Apakah Fed dan BI Pivot akan berhasil?

Pandangan Kami

Kami memperkirakan Bank Indonesia tetap akan melakukan pemangkasan suku bunga pada 2H23, walaupun probabilita Fed Pivot semakin menipis

  • Hal ini disebabkan oleh kondisi makroekonomi Indonesia yang kondusif, terutama dari sisi normalisasi inflasi dan kestabilan Rupiah.
  • Sementara itu, menurunnya probabilita Fed pivot disebabkan oleh maraknya spekulasi kenaikan suku bunga puncak (terminal) Federal Reserve menjadi 5.5% akibat ekspansi pasar tenaga kerja Amerika Serikat yang belum menunjukkan tanda-tanda mengendur.
  • Bank-bank sentral di Eropa (ECB dan BOE) juga menghadapi ekspektasi kenaikan suku bunga terminal akibat tekanan inflasi yang tetap tinggi, sehingga kami mengantisipasi kemungkinan pemangkasan suku bunga 7DRRR BI di tengah berlanjutnya kenaikan suku bunga acuan BOE dan ECB.

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Macro Strategy & Fixed Income - 2023-05-29 (Eng)
Macro Strategy & Fixed Income - 2023-05-29 (Ind)

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Macro Strategy & Fixed Income - 2023-05-29 (Eng)
Macro Strategy & Fixed Income - 2023-05-29 (Ind)

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