Indonesia Has Opened Pandora’s Box

🇮🇩 🇮🇩 BI: Indonesia just spiced up the global interest-rate debate. Neighbors will take notice. The Bank of Thailand is resisting government assertions that it must reduce rates immediately. The Philippines is inclined to cut, but frets about the peso. South Korea has warned speculators not to push the won too far down. Japan has threatened intervention to support the yen, and the BOJ may be preparing investors for the next rate hike

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