Board of governor Bank Indonesia to announces the latest monetary policy for this month after two-days meeting - Photo: Special

JAKARTA (TheInsiderStories) – Good Morning! Indonesian central bank announces its latest monetary policy today, after hold its key rates in the last meeting. At the same day, European Central Bank (ECB) also releases their judgement on the interest rate decision.

The governor, Perry Warjiyo, has stated that Bank Indonesia (BI) to maintain an accommodative policy stance during this year. Some analysts predicted the central bank to leave its benchmark interest rate unchanged at 5 percent but others also sees the policymaker will cut 25 basis points over the development of Indonesian economy.

While, the ECB is expected to keep the interest rates at negative 0.5 percent. But more interest will be the tone of the newly President Christine Lagarde

From the parliament, some house speaker shouted to evaluate Financial Service Agency position following various cases in the country and returning agency functions to Bank Indonesia. The institution was born from the ‘womb’ of BI in late 2011.

From Europe, the Brexit divorce deal completed its passage through House of Common, ensuring that the Britain will leave the European Union at the end of the month. The Brexit divorce deal that Prime Minister Boris Johnson just need to sign off from the Queen to become a law.

From United States (US), the weekly initial jobless claims numbers will arrive. The Labor Department is expected to report a bounce back to 215,000 of claims for first-time unemployment benefits after last weeks surprisingly low 204,00.

The Energy Information Administration will report its weekly inventory numbers today. Traders are looking for a decline of about 1 million barrels for oil inventories and a rise of about 1 million barrels in gasoline inventories and a build of about 3 million barrels in distillate stockpiles.

US’ planemaker, Boeing (NYSE:BA), CEO Dave Calhoun expects to resume 737 MAX production months before its forecasted mid-year return to service. The company announced a production halt in December, when the global grounding of the fast-selling 737 MAX following two deadly crashes in five months.

In Asia, Japan‘ exports fell 6.3 percent in December from a year earlier and imports fell 4.9 percent in the same month. As a result, the trade balance came to a deficit with worth of 152.5 billion yen (US$1.39 billion), the ministry finance reported yesterday.

On Wednesday, Indonesian Rupiah strengthened 0.17 percent to the level of 13,646 per US dollar but the Jakarta Composite Index closed down 0.08 percent to 6,233.45 compared a prior day. On Thursday, the local currency its expecting move between 13, to 13, against the Greenback and the stock index in the range 6,190 to 6.250.

Shares that can be considered today are PT Telekomunikasi Indonesia Tbk (IDX: TLKM), PT United Tractors Tbk (IDX: UNTR), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Bank Pembangunan Jawa Timur Tbk (IDX: BJTM) , PT Telekomunikasi Indonesia Tbk (IDX: TLKM), PT Adaro Indonesia Tbk (IDX: ADRO), PT Astra International Tbk (IDX: ASII), PT Ace Hardware Tbk (IDX: ACES), PT MNC Investama Tbk (IDX: BHIT), and PT Bank Mandiri Tbk (IDX: BMRI).

US$1: 109.62 Yen

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia