USD/IDR pares gains below $15,400 on Bank Indonesia’s status-quo

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USD/IDR pares gains below $15,400 on Bank Indonesia’s status-quo USDIDR Indonesia CentralBanks InterestRate

Global economic growth seen better than previously anticipated at 2.6% in 2023.Monetary tightening by advanced economies and US bank collapse have increased market uncertainty.To strengthen Rupiah stability to mitigate spillover impact from us bank closures on domestic financial markets, exchange rate.Q1 current account seen on a surplus, supported by large merchandise trade surplus.Rupiah's YTD appreciation is better than some other Asian currencies.

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