What’s going on here?
Southeast Asian markets are showing mixed reactions as Indonesia and Thailand keep interest rates unchanged, while Malaysia’s ringgit hits an 18-month high.
What does this mean?
Bank Indonesia held rates steady, with the rupiah dipping 0.4% and Jakarta stocks climbing 0.4% thanks to capital inflows. Meanwhile, an economist at Trimegah Securities warned that not reducing the SRBI rate faster could create market confusion. Over in Thailand, the central bank stuck to its interest rate for the fifth consecutive meeting amid political uncertainties, causing the baht to pull…
