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23rd Aug 2022 14:43Emerging Asia, Daily Monitor

Bank Indonesia defied the consensus yesterday, as we expected, enacting its first rate hike, to 3.75%...

...But we’re sticking to our below-consensus view for just one more hike this year; policy is quite tight.

The Board can also rely credibly on sustained fiscal support, with consolidation well ahead of schedule.

commodities cpi deficit fiscal policy fuel government interest rate July market expectations policy rate hike repo rrr

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Keywords for: 24 Aug 2022 Emerging Asia Monitor

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