• Specter of IDR Weakness
• Rising Cross Currency Volatility.
• Bank Indonesia Response.
• Capital Market – Weaker IDR led to higher outflow momentum.

GLOBAL UPDATES

• US – Stable FFR, fewer anticipated rate cuts, and an optimistic outlook on US growth for the upcoming year
• UK – Constant BoE rate due to lower and more stable inflation
• Euro – Steady ECB rate, signaling rate cut in the near future
• China – Unchanging rate, stronger growth in seasonal month
• Japan – Higher benchmark rate but still in accommodative stance led to weakening JPY

DOMESTIC UPDATES

• Stable BI rate, necessity to stabilize inflation and IDR
• Global condition will continue to pressure domestic market
• Strong demand led to higher inflation rate
• Lower trade balance surplus and stable money supply
• APBN: Lower Government revenue, while expenditure increases
• Auction Result: Lower incomind bids due to uncertainty

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