UKRAINE CONFLICT
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Indonesia may see inflation spike, faster interest rate hikes: analysts
Published Tue, Mar 1, 2022 · 05:50 AM
Jakarta
RUSSIA'S invasion of Ukraine could not have come at a worse time for Indonesia as South-east Asia's largest economy positions itself for recovery from the Covid-19 pandemic.
Although Indonesia does not have strong trade and investment links with either Ukraine or Russia, analysts say the war will likely push up energy and food prices, as well as fuel a sharp hike in inflation.
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