Commerzbank’s FX analysts, including Charlie Lay and Moses Lim, note that USD/IDR slipped slightly but stayed below the key 18,000 level as softer global Oil prices and stronger Indonesia Q2 GDP supported the Rupiah. Rupiah supported but upside constrained"Q2 GDP rose more than expected by 5.3% yoy (Bloomberg consensus: 5.1%) vs 5.6% in Q1. Growth was supported by resilient domestic demand, particularly stronger investment activity, while household consumption and government spending remained firm. "On inflation, July CPI surprised to the downside, rising 2.9% yoy (Bloomberg consensus: 3.2%) vs 3.3% in June. "Greater clarity regarding the next BI Governor appointment, alongside restored confidence in the BI's independence, should support IDR in the coming weeks.