Financial markets are expecting that Indonesia's central bank is on hold with moderate real economic growth and somewhat low inflation. The government data released just prior to market open shows that inflation rates last month aligned with market expectations. In a speech, the central bank governor surprisingly indicates that the central bank may need to reduce rates to accommodate low inflation rates. What is a likely impact to the Indonesian Rupiah in FX markets? USD/IDR will increase significantly. USD/IDR will decrease significantly The rupiah will generally appreciate against other currencies. There will not be any meaningful change to the rupiah in FX markets