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Market’s vote of confidence should allow further monetary easing before year end
Call it not so much a sign of ‘risk on’ as ‘nothing else on’
The Short View
Expected move by US gives policymakers courage and room to manoeuvre
Economy relies on foreign inflows to balance the books
Inflation at lower end of target predicted
Dollar strength drags currency to lowest since 1998 Asian financial crisis
Central bank increases benchmark rate to 7.75% to head off inflationary pressures
Rupiah off highs following election after BI comments
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