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View all search resultsThe outlook for Indonesia's credit rating has dimmed further as Fitch Ratings revised its view to “negative” from “stable”, adding to warnings over policy uncertainty following a similar downgrade from Moody’s.
Expectations for a 75 basis-point increase at the conclusion of a two-day meeting on Wednesday are nearly baked into prices, according to CME's Fedwatch Tool with investment banks like Goldman Sachs expecting a 75 basis-point rate hike in June and July, and a 50 basis-point rise in September.
As China Evergrande Group looks set to miss its third round of bond payments in three weeks, markets are shifting their focus to other indebted property developers as a wall of debt payment obligations come due in the near-term.
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