- Indonesia's FX reserves rose to USD 156.6 Bn in Dec-25 due to positive portfolio inflows and seasonal repatriation of overseas funds
- BI's decision to hold amid Fed's December cut helped foreign net inflows into all stocks, bonds, and SRBI
- Rupiah decline points to a potential decline in trade surplus, mainly due to decline in "Big Three" commodities.
- Potential uptick for inflation & imports may nudge BI to adopt a wait-and-see stance in January.