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Eye on economic recovery, BI holds benchmark rate at 3.5%

Eye on economic recovery, BI holds benchmark rate at 3.5%
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German IFO survey builds up optimism for growth in Q2 and beyond


- (NL)
Netherlands Debt Agency (DSTA) sold €1.7B vs. €1.0-2.0B indicated range in 2.75% Jan 2047 DSL bonds; Avg Yield: 0.406% v 0.067% prior.
Looking Ahead
- (IL) Israel Apr Leading S Indicator M/M: No est v 0.5% prior.
- (EU) Daily ECB Liquidity Stats.
- 05:15 (CH) Switzerland to sell 3-month Bills.
- 05:30 (HU) Hungary Debt Agency (AKK) to sell 3-Month Bills.
- 05:30 (DE) Germany to sell €4.0B in 12-month Bulls.
- 05:30 (EU) ECB allotment in 7-Day Main Refinancing Tender (MRO).
- 05:30 (ZA) South Africa to sell combined ZAR3.9B in 2030, 2032, and 2035 bonds.
- 06:00 (UK) May CBI Retailing Reported Sales: 28e v 20 prior; Total Distribution Reported Sales: No est v 30 prior. ....

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BI maintains benchmark interest rate at 3.5 percent


BI maintains benchmark interest rate at 3.5 percent
3 hours ago
Bank Indonesia (BI) Building. ANTARA / bi.go.id / pri.
Jakarta (ANTARA) - The meeting of Board of Governors (RDG) of Bank Indonesia (BI) on April 19-20, 2021, reached a decision to maintain the benchmark interest rate, or the BI Seven-Day Reverse Repo Rate (BI7DRRR), at 3.5 percent.
This decision is in line with the need to maintain stability of the rupiah exchange rate and safeguard it from the impact of high uncertainty in the global financial markets despite low inflation forecasts, BI Governor Perry Warjiyo stated at a virtual press conference in Jakarta, Tuesday. ....

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