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Economy 2 years ago
China's gold buying break seen as fleeting given its long-term needs
China still has plenty of appetite for official gold purchases despite pausing in May and June, as its bullion holdings remain low as a share of reserves and geopolitical tensions persist, according to a policy insider, industry experts and data.
Economy 2 years ago
PREMIUM
Bank Indonesia projects GDP growth above 5% in second quarter
Increased household consumption, particularly over the peak Idul Fitri holiday season, is likely to contribute in pushing quarter-two growth above 5 percent, but analysts urge caution with regard to the central bank's optimistic projection.
Economy 2 years ago
PREMIUM
BI hikes interest rates to mitigate external risks
Bank Indonesia (BI) has raised its key interest rates in what it calls a “preemptive measure” in light of global risks caused by the uncertain outlook of monetary policy in the United States and geopolitical tension in the Middle East.
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