海外研报

Indonesia_ BI cuts rates and signals further easing

Bank Indonesia cut its benchmark policy rate by 25bps to 6.00% in September.The deposit facility rate and lending facility rate were also lowered to 5.25% and

JPM - trading the easing cycle01

A typical rate cutting cycle is not always positive though in each of the last 5 cutting cycles, we have seen the SPX higher on a 1M, 3M, 6M, and 12M basis. Is that the expectation for this cycle? Yes, as we think

JPY: FOMC review and BoJ preview

from the previous 5.25%-5.50% to 4.75%-5.00%. Since market expectations were divided between a 25bp cut and a 50bp cut (with the market leaning slightly

GS--Macro at a Glance: Latest views and forecasts

n Revised our Fed policy rate forecast and now expect a longer string ofconsecutive 25bp cuts from November 2024 through June 2025 (vs. quarterly

GS--Norges Bank—On Hold with Hawkish Guidance; We Now See One Cut in 2024

BOTTOM LINE: Norges Bank’s Monetary Policy Committee decided to keep thepolicy rate on hold at 4.5%, in line with our and consensus expectations. The

GS--Taiwan: CBC Keeps Policy Rate Unchanged, Tightens Selective Credit Control and Raises RRR

. Taiwan’s central bank (CBC) kept its benchmark policy rate unchanged at 2.0%.

GS--The 720: Korea Value in Action, FOMC, Trip.com, Japan Autos, India CIO tour, Indonesia Banks

Korea Value in Action - Continuing the trend toward improved shareholder returns.Policymakers have continued to implement support measures, and we believe the1

GS--Capital Markets Day: In-line targets relative to elevated expectations;

T-Mobile Capital Markets Day highlights in-line financialmetrics, with strong broadband targets on fixed wireless and

GS--Turkey: TCMB Remains on Hold and Cautiously Adjusts its Forward Guidance

In line with a unanimous consensus, the TCMB kept its policy rate unchanged at50.00%. The Committee acknowledged the lack of a notable slowdown in core

GS--Ukraine: NBU Keeps Policy Rate Unchanged (As Expected)

Bottom line: The NBU Board kept its policy rate unchanged at 13%, in line withexpectations and consistent with the Bank’s prior guidance, emphasizing the recent