Indonesia is Left Behind in the Global Market’s Positive Sentiment
The Federal Reserve is finally signaling several rate cuts in 2024. Indonesia is excluded from the festivities. The return of the current account deficit is the culprit.
Yopie Hidayat
December 18, 2023
CELEBRATIONS arrive early at the markets. Despite the New Year being two weeks away, the global financial market is already bustling with joy and exuberance. Financial asset prices are on the rise, fueled by the positive sentiment generated by the long-awaited signal from the United States Federal Reserve: the interest rate cuts might really come in 2024.
In the last meeting of the year held last Wednesday, the Fed kept its reference interest ra
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