Recent Posts

Bank Indonesia stays on hold, says rate moves one year away

Bloomberg Indonesia’s central bank left its benchmark interest rate unchanged and extended policies to boost domestic demand, saying it likely won’t tinker with rates for another year. Bank Indonesia kept the seven-day reverse repurchase rate at a record-low 3.5% on Tuesday, as predicted by all 30 analysts in a Bloomberg survey. It was the bank’s eighth straight hold decision. “This ...

Read More »

Goldman Sachs joins bank bond frenzy with $9b sale

Bloomberg Goldman Sachs Group Inc tapped the US investment-grade bond market with a $9 billion sale, joining peers Bank of America Corp and Morgan Stanley in selling new debt after reporting strong third-quarter results. The bank sold bonds in five parts, according to a person familiar with the matter. The longest portion of the offering, a fixed-to-floating-rate security due in ...

Read More »

RBA rate bets surge, yield target tested on global price worries

Bloomberg Traders are pricing in more aggressive interest rate increases by the Reserve Bank of Australia (RBA) and are challenging its three-year yield target amid jitters over global inflation. Markets are now implying the RBA will begin hiking in mid-2022, even after the central bank reiterated that conditions for a rate rise “will not be met before 2024.” At the ...

Read More »
Send this to a friend