England Drought Expands to 71% as Heatwave Deepens Water Crisis 
Japan Executives Warn Weak Yen and Currency Volatility Threaten Economy 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
Asian Stocks Mixed as RBA Holds Rates, Oil Risks Rise 
Japan Posts First Current Account Deficit in 17 Months as Dividend Payments Surge 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Bets 
US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
Oil Prices Rise as US-Iran Talks Stall, Inflation Risks Grow 
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
Bank Indonesia (BI) is expected not to change its current monetary policy stance through 2017 and is keen to preserve the on-going stability in the bond and FX markets. The central bank’s decision to remain on hold in its July monetary policy meeting was widely anticipated, ANZ Research reported.
The decision largely displayed its cautious approach towards monetary tightening by the US Federal Reserve. Though headline inflation has also crept up, the rise has been driven by the phased subsidy reduction on electricity tariffs and seasonal factors. Core inflation continues to remain benign and, of late, household inflation expectations have also softened.
At the same time, growth conditions have remained lacklustre. Though both household and business sentiment has improved, realized activity levels remain unimpressive. The weakness in June trade numbers was also telling. During the month non-oil and gas exports and imports fell by 13.9 percent y/y and 18.7 percent y/y respectively. Though seasonal factors would have played a role, the fall was unusually steep.
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