Pantheon Macroeconomics

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25th May 2023 15:18Emerging Asia, Daily Monitor

  • Bank Indonesia remained on hold yesterday, keeping the seven-day reverse repo rate at 5.75%...
  • ...But it is becoming less confident on 2023 GDP, no longer seeing an “upward bias” to its forecast range.
  • The recovery in construction has yet truly to begin, and policy will soon tighten sharply in real terms.

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Keywords for: 26 May 2023 Emerging Asia Monitor

construction, May, policy, q4, repo, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence