The Bank of England will probably keep interest rates on hold






The Bank of England will probably keep interest rates on hold and cut its growth and inflation forecasts as Brexit questions continue to plague the economy. The Monetary Policy Committee compiled its forecasts — which will be published alongside the rate decision at noon on Thursday — against a backdrop of political chaos, lackluster economic growth and no clarity on how the U.K.’s divorce from the European Union will be resolved. Economists expect the benchmark interest rate to remain unchanged at 0.75%. The central bank’s quarterly analysis, re-named the Monetary Policy Report, will likely contain hints as to how officials are interpreting the latest Brexit developments. (Bloomberg)

President Donald Trump and Chinese President Xi Jinping’s meeting to sign an interim trade deal could be delayed until December as the two parties look to agree on the terms and venue. Last month, the Trump and Xi administrations started working to finalize a “phase one” trade agreement that was to be signed at a Chile summit that was canceled for unrelated issues. (CNBC)

Pefindo has affirmed its “idBBB” rating for PT Inka Multi Solusi (IKMS) and its “idBBB(sy)” rating for IKMS’ Medium-Term Notes (MTN) Sharia Mudharabah Year 2017. We revised the outlook for the corporate rating to “stable” from “negative”. The revised in outlook is based on our expectation that its financial leverage ratios will improve over the next 12-18 months, following stronger realization from its backlog orders. (Pefindo)

 

Source: Danareksa Sekuritas Debt Research
Photo by Aditya Indrajaya