Global Trade Thaw and Indonesia’s Policy Response

Highlights

• The recent US-China “Total Reset” trade deal eased global market fears
• In Indonesia, monetary policy faces mixed signals
• US Treasury yields rose before Moody’s downgrade
• Bank Indonesia’s rate cut is imminent
• The BRI MSME Index shows continued but slowing expansion in 1Q25
• Fixed Income Market

Global Updates

• Fed on Hold Amid Cooling Data and Rising Fiscal Warnings
• Trade Surplus Grows, But Demand Signals Stay Soft in China
• Rising Prices and Unemployment Add Pressure to UK Outlook
• ECB Cuts Rates as Inflation Stabilizes, Tariff Pressures Persist

Domestic Updates

• BI Eases Policy as GDP Slows, Trade Surplus Shrinks, and Rupiah Pressures Mount

To see the full version of this monthly update, please click here