Indonesia’s protests over inequality and lawmakers’ perks have rattled investors, triggered capital outflows, and pressured the rupiah. With the sudden removal of Finance Minister Sri Mulyani, questions loom over fiscal credibility and banking stability. Dan Koh speaks with Rena Kwok, Senior Credit Analyst, Asian Financials, Bloomberg Intelligence to unpack the risks for markets, the currency, and Indonesian banks for the rest of 2025.

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