Domestic Omicron Sentiment. In addition to the lack of sentiment towards the end of the year, the market pressure for Government Securities (SUN) yesterday was influenced by the depreciation of the rupiah. The rupiah exchange rate weakened 0.2%, in line with concerns about the addition of positive cases for the domestic Omicron variant, which reached 68 cases. On the other hand, Indonesia’s inflation is projected to be relatively stable and low, potentially supporting the current volatility of the rupiah. Meanwhile, this low inflation projection is in contrast to the relatively high inflation of the United States (US).
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