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INDONESIA: Country Wrap:  BI Ready to Support the Rupiah. 

INDONESIA
EM BulletBulletIndonesiaAPACEmerging Market News
  • Bank Indonesia Says Ready to Intervene to Support Rupiah (source:  BBG)
  • Indonesian Banks Cut Back Lending After Busy 2024: (source:  BBG)
  • Indonesia Needs $850B in Investment to Hit 8% GDP Growth: (Source: Kompas)
  • Indonesia’s Jakarta Composite rose +1.46% continuing on from yesterday’s strong day following remarks from the Central Bank governor indicating rates could be on hold for some time.
  • IDR – withstood the volatile day relatively unscathed down just -0.03% at 15,950.
  • Bonds: most maturities saw higher yields today with the 10YR at 6.901%
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  • Bank Indonesia Says Ready to Intervene to Support Rupiah (source:  BBG)
  • Indonesian Banks Cut Back Lending After Busy 2024: (source:  BBG)
  • Indonesia Needs $850B in Investment to Hit 8% GDP Growth: (Source: Kompas)
  • Indonesia’s Jakarta Composite rose +1.46% continuing on from yesterday’s strong day following remarks from the Central Bank governor indicating rates could be on hold for some time.
  • IDR – withstood the volatile day relatively unscathed down just -0.03% at 15,950.
  • Bonds: most maturities saw higher yields today with the 10YR at 6.901%