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Economists at Standard Chartered analyze Indonesia’s macroeconomic outlook and share their forecast for the Rupiah (IDR.) 2024 GDP growth to pick up to 5.2% YoY We expect 2024 GDP growth to pick up to 5.2% YoY on a continued cyclical recovery, election spending, and still-healthy demand for Indonesia’s main export commodities.
The People’s Bank of China (PBOC), China's central bank kept the one-year Medium-term Lending Facility (MLF) rate steady at 2.50% on Monday.
The correlation between the Dollar and Fed Funds futures is unusually strong now, and if it persists, further USD upside is limited, economists at Société Générale report.
There is a risk of disappointment on the Gold market if market participants have to scale back their expectations of rapid interest rate cuts, according to strategists at Commerzbank.
After a poor performance last year for the currency, the Norges Bank will likely be satisfied that the NOK appreciated vs.