Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 16 April 2026

Macro Highlight :
Expectations that the Federal Reserve will keep rates on hold remained intact, with Chicago Fed President Austan Goolsbee noting that rate cuts could be delayed until 2027 depending on how long elevated oil prices persist. Looking ahead, investors will focus on key data releases, including China GDP, UK GDP, Eurozone CPI, and US Initial Jobless Claims, while continuing to monitor geopolitical developments as the key driver of market direction.

The Rupiah weakened further to IDR17,141/USD (Prev: IDR17,135/USD), in line with rising external vulnerabilities, as Indonesia’s external debt increased to USD437.9 bn (+0.69% YoY) in Feb ’26. Looking ahead, investors will continue to monitor geopolitical developments as the primary driver of market direction.

We anticipate a marginal increase in the 10Y SUN yield today (16 Apr ‘26), projecting it to range between 6.48% and 6.68%.

 

Regards,
KBVS Research Team

 

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