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BI turns cautious as Rupiah weakens – Commerzbank
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BI turns cautious as Rupiah weakens – Commerzbank
Commerzbank’s Dr. Henry Hao and Moses Lim note that Indonesia March CPI slowed to 3.5% year-on-year, back within Bank Indonesia’s (BI) target range, but warns that Middle East conflict and higher freight costs pose upside inflation risks. Despite softer inflation, BI is expected to keep its policy rate at 4.75% and has removed its easing bias as USD/IDR trades above 17,000 amid weaker sentiment. Inflation normalises but risks persist “Looking ah…
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