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Jakarta Post

DB sees investor resurgence in Indonesian bond market

  • The Jakarta Post


Jakarta   /   Thu, January 21 2021   /  01:00 am
(FILES) In this file photo taken on April 26, 2018 the towers of German Company Deutsche Bank are pictured in Frankfurt, Germany. German prosecutors raided several Deutsche Bank offices in the Frankfurt area on November 29, 2018 over suspicions of money laundering based on revelations from the 2016 "Panama Papers" data leak. Daniel ROLAND / AFP (AFP/Daniel Roland)

Deutsche Bank Indonesia projects that investors will be lured back to the country's domestic capital market, given the stronger rupiah and supportive interest rates. The local arm of the German investment bank has forecast that the rupiah will strengthen during the first half of the year, in line with potential economic improvements due partly to the nationwide vaccination program. It also expects Bank Indonesia (BI) to maintain the benchmark interest rate at around 3.75 percent this year after making five rate cuts in 2020 to buoy the economy amid the COVID-19 health emergency. Read also: Investors set to look to Indonesia in 2021: Analysts As a result, strategists at Deutsche Bank Indonesia “believe that Indonesia offers one of the better volatility-adjusted carry propositions in emerging markets”, it said in a statement on Jan. 13 “Indonesia remains o...