Investors Anticipated Indonesia Economic Data, Putting Pressures on Govvies Auction
Indonesia exports and imports performance in July plunged 19.23% YoY and 28.44% YoY respectively, sparking hold-off sentiment from investors. Investors invoked IDR 20.9 trillion on last week’s auction, lower than IDR 28 trillion of total demands in previous auction. Investors have anticipated the central bank’s decision to hold interest rate benchmark at 7.50% amidst sagging.
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