JAKARTA (TheInsiderStories) — Good morning! Indonesia will announce inflation and consumer survey data. Previously, Bank Indonesia projected that March’ inflation would be at 0.14 percent and yearly inflation could be at 2.51 percent.
With the low inflation number, the central bank said that it doesn’t indicate low purchasing power. Last month the country post inflation 0.08 percent and in annual basis 2.38 percent
Furthermore, China will continue to suspend the retaliatory tariffs on vehicles and auto parts from United States (US) starting April. In December, China said it would suspend additional 25 percent tariffs on US’ vehicles and auto parts for three months, following a trade truce.
Then, United Kingdom’ (UK) House of Commons will vote on different Brexit options. Meanwhile, Prime Minister Theresa May could bring her deal back to parliament later.
UK was due to leave the EU on March 29 but the political deadlock in London forced May to ask the bloc for a delay. Currently, Brexit is due to take place at April 12 unless May comes up with another option.
May has less than two weeks to convince the 27 EU countries that she can solve the impasse. Otherwise she will have to ask the bloc for a long extension or take Britain out of the EU on April 12 with no deal to soften the economic shock.
This week, central bank of India will decide it interest rate which is predicted to raise by 0.25 percent from 6.25 percent Japan will announce tankan large manufacturing index rates that’s the relative level of general business conditions in the manufacturing sector.
European Central Bank is going to publish account of monetary policy meeting, EU will have consumer price index data, and UK will publish manufacturing, construction, and services purchasing managers index.
While US have several economic data announcement such as ISM non-manufacturing purchasing managers index, retail sales, core durable goods orders, crude oil inventories, and unemployment rate.
Last Friday (03/29), Indonesian Rupiah moved in upturn on the last day of trading last week by 0.99 percent to 14,213.25. But the Jakarta Composite Index decreased by 0.18 percent to 6,468.75.
May you have a profitable week!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information About Indonesia