Indonesia's current account deficit widened to $4 billion in the first quarter, the largest since 2019.
Indonesia's current account deficit widened to $4 billion in the first quarter, the largest in over six years, putting further pressure on the Indonesian rupiah. Separately, Nomura Securities now forecasts the US Federal Reserve will hold rates steady through 2026 due to rising inflation and a decreased willingness among Fed officials to cut rates. The report suggests that while the incoming Fed chair may wish to ease policy, recent data and statements cast doubt on their ability to convince the FOMC. AI