Oil traded near $33 a barrel as an escalating war of words between the U.S. and China added






Oil traded near $33 a barrel as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand. China warned on Sunday that some in the U.S. was pushing the countries toward a new Cold War, stoking concerns that deteriorating relations between Beijing and Washington could complicate the market’s recovery from a historic demand crash. Futures edged higher in New York after falling earlier, with trading volumes thin due to holidays in the U.S., U.K., and Singapore. (Bloomberg)

The impact of the spread of the coronavirus (Covid-19) will certainly give pressure on the growth of bank credit this year. After being predicted to be able to grow in double digits, the Financial Services Authority (OJK) even predicts that credit will likely grow to a maximum of 2%. Furthermore, Chairman of the OJK Board of Commissioners Wimboh Santoso in an article published by Kontan.co.i d (30/4) then mentioned that there is a possibility that credit will grow stagnant this year. Not only OJK, but Bank Indonesia (BI) also estimates that loans will only grow to a maximum of 6% -8%, far from the previous projection which is estimated to be around 9% -11% this year. (Kontan)

Source: Danareksa Sekuritas Debt Research

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