- Indonesia's FX reserves grew in Nov-25, supported by services, taxes, and government loans, while financial markets experienced mixed flows with bond and SRBI outflows offsetting equity inflows.
- Foreign investors show divergent preferences, favoring risk assets due to real sector optimism while shunning government bonds amid fiscal concerns and more attractive global yields.
- BI's strategic increase in SRBI issuance with higher rates successfully reversed foreign outflows in early Dec-25, aiming to manage liquidity and support the IDR amidst a likely stagnant trade surplus.
