To fight bubbly inflation, Indonesia hikes rates for the first time since the GFC to 6.75%....
To fight bubbly inflation, Indonesia hikes rates for the first time since the GFC to 6.75%. Belief the central bank has fallen "behind the curve" has led to capital flight and the need to shore up the rupiah by drawing down foreign currency reserves. Indonesia +0.4%. ETFs: EIDO and IDX.
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