- Indonesia’s FX reserves rose slightly to USD 152.6 Bn in Jun-25, supported by Samurai bond issuance despite capital outflows from stocks and bonds.
- SRBI recorded its largest net negative issuance (-USD 3.8 Bn) as BI continued domestic liquidity support, while trade surplus may remain robust in the last month ahead of Trump tariff decision.
- Aside from tariff there may be further capital risk outflow related to US treasury issuance following the passage of Trump’s “Big Beautiful Bill”.
