00:00How do we need to be looking at the currency now, Marcus?
00:04Well, as Evi pointed out, I think the rate hike has stabilized the currency market today.
00:10But I think a very near-term risk will be the US CPI print tonight.
00:14You know, obviously, expectations have been very hawkish going into this,
00:18following the robust NFP numbers.
00:20So hotter than expected CPI print, which sees a dollar even gain as a result,
00:25could see further pressure to the rupiah.
00:28So, again, just looking back at the rate hike that we saw,
00:31at least they're still expecting Bank Indonesia to actually hike next week.
00:34And then, again, the question, will it be a 25, 50 basis point hike?
00:37You know, one analyst was just saying, this shows how desperate Bank Indonesia is,
00:41is to arrest the situation of the decline in the rupiah.
00:45Another thing that's, of course, on the lookout for is Finance Minister Purubaya.
00:49There's, you know, of course, market chatter on whether, you know, he could move on,
00:53in a sense, whether could there be a replacement coming.
00:54So, there's a lot of uncertainty in Indonesian markets right now.
00:58You know, Bank Indonesia stepping in to hike 25 basis points,
01:00definitely destabilize the market a bit.
01:02But hold your horses, I think they're still,
01:04at least you'll see some downside in the rupiah moving forward,
01:06especially if we get a hotter CPI print tonight.
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