Daily Economic Research

KBVS ECONOMIC RESEARCH
Thursday, 18 September 2025

Macro Highlight :
The FOMC reduced its policy rate by 25 bps, as expected, marking the resumption of the easing cycle that had been on hold since December. Looking ahead, today’s release of the Fed’s rate decision and updated projections, alongside the Bank of England’s interest rate announcement and the Philadelphia Fed Manufacturing Index, is expected to shape global market sentiment.

The continued 25 bps cut in the BI rate to 4.75% was welcomed by the fixed income market, reflected in gains of +0.24% in the ICBI and +0.18% in the ISIX. Looking ahead, today’s release of Indonesia’s retail sales data, along with market responses to the BI and Fed rate cuts, is expected to drive sentiment in the domestic market.

We anticipate a marginal decrease in the 10Y SUN yield today (18 Sep ‘25), projecting it to range between 6.15% and 6.35%.

Please click link below for full report :
https://www.kbvalbury.com/cfind/source/files/daily-economic-research-250918.pdf

Regards,    
KBVS Research Team

 

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