Pantheon Macroeconomics

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19th Jan 2023 15:52Emerging Asia, Daily Monitor

  • Bank Indonesia hiked the 7-day reverse repo rate by a further 25bp, to 5.75%, in line with the consensus.
  • The Board dropped more explicit hints that it has done enough; core inflation is at a big turning point.
  • The Bank’s growth concerns likely will intensify as the year goes by, setting the stage for a Q4 rate cut.

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