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19th Mar 2024 17:50Emerging Asia, Daily Monitor

  • Bank Indonesia left the BI rate unchanged at 6.00% yesterday, as universally expected.
  • Its ongoing insistence on the need to safeguard the IDR is unwarranted; the carry trade has long turned.
  • The Board’s thinking on GDP is becoming more muddled; expect to see the first 25bp cut in June.

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Keywords for: 21 March 2024 Emerging Asia Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence