GLOBAL UPDATES
- US Federal Reserve leave the rate unchanged at 5.25% and market expect earlier rate cut
- Lower US inflation
- US Job market, retail sales were slowing down
- Lower growth in the Eurozone due to high interest rates, while inflation has already declined
- Bank of Japan tweaked the Yield Curve Control, again
- China: needs more extensive government support
DOMESTIC UPDATES
- Higher trade balance and lower current account balance deficit
- Indonesia economic growth is in line with targets, while inflation still manageable
- Lower foreign exchange reserve to stabilize Rupiah
- Bank Indonesia leave the rate unchanged at 6.00% on November meeting, we expect further pause
- Positive sentiment brings a breath of fresh air
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