- Reignition of the Iran war and China’s economic slowdown may dampen Indonesia’s economic prospects, leading the Rupiah to breach its 18,000 mark.
- Higher projected deficit and financing in excess of budget deficit (SiLPA) would likely result in increased debt issuance at a time of high interest rates.
- The government may opt to diversify the currency and duration of bond issuance in order to reduce cost of funding.