DBS : Investor sentiments likely to improve with rate cut expectations in 2H24. We believe the interest rate hike cycle has peaked and our chief economist expects the Fed to cut rates in 2H24, which will provide Bank Indonesia (BI) some room to cut rate as well. We expect BI rate to be cut by 100bps by the end of this year. Thus, we believe sentiments on the property sector will turn more positive vs. 2024.
✅ Peluang pemangkasan suku bunga di semester 2 akan jadi katalis positif sektor property