Is the latest bond yield surge the prelude to something more damaging?
By Robert Carnell
A downside surprise in April's trade balance and the 1Q current account deficit pressure the rupiah (IDR)
A rate hike at the 17 May meeting is now likely after the governor of the central bank signalled the need to take pre-emptive action to support the currency
But it depends on what turn economic policies take in the first 100 days of the Mahathir administration
Overseas Filipino worker remittances dropped 9.8% to $2.36bn in March due to fewer banking days and high base effects. Weak remittances are keeping the…
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