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INDONESIA: Country Wrap: Economic Council Warns of Rupiah Risks. 

INDONESIA
  • National Economic Council warns of rupiah risks from more US protectionism (source: Jakarta Post).
  • Room for interest rate cuts seen to narrow in 2025 thanks to Trump protectionism (source: Jakarta Post).
  • South East Asian indices were down with Indonesia’s Jakarta Composite down -0.44%.
  • IDR:  USD softened as Powell cautioned on rates, giving the Rupiah a bid and seeing it +0.47% for today.
  • Bonds: Yields generally higher with the 5 year underperforming, with yields +3bps to be 6.858%. 

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