Sentiment for Economic Growth Revision. Investors responded negatively to Bank Indonesia (BI), which cut its projection for domestic economic growth in 2022, to the range of 4.5%-5.3% YoY (Vs. Prev. 4.7%-5.5% YoY). This projection is in line with the projected lower world economic growth. All Government Bonds (SUN) recorded an increase in yield yesterday. Investors also responded negatively to the International Monetary Fund (IMF), which cut its projections for world economic growth in 2022 and 2023, each to only grow 3.6% YoY. This figure is lower than January 2022 projections of 4.4% YoY and 3.8% YoY.
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