Assessing a New Monetary Regime Driven by Fed Transformation, Higher-for-Longer Rates, and Indonesia's Policy Response

HIGHLIGHTS

• The Good News Paradox: Resilient Growth, Tighter Policy
• A New Era of Fed Communication
• From Narrative to Action: Policy Execution Takes Center Stage
• Indonesia's Resilience Amid Global Uncertainty
• Bank Indonesia's Leadership Transition and Policy Mix
• US Treasury and Domestic Bond Yields
• Investor Flows in Government Securities (SBN)

GLOBAL UPDATES

• US Economy Remained Resilient Despite Mixed External and Inflation Dynamics
• China's Growth Continues to Moderate
• BoE Holds Rates Steady While Maintaining a Hawkish Bias
• BoJ Holds Rates Steady While Signaling Further Tightening

DOMESTIC UPDATES

• Bank Indonesia Maintains a Cautious Policy Stance
• Foreign Exchange Reserves Recover, Supporting External Resilience
• Domestic Demand Remains Soft Despite Stronger Credit Expansion

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