Jakarta, May 10 -- Continuing geopolitical uncertainties and turmoil have increased the pressure on global and domestic financial markets.

Ongoing geopolitical conflicts, such as in the Middle East, could increase the risks of a commodity price surge, which could potentially hinder the progress made in controlling inflation.

The spike in inflation in the past few months and the continued strong economic performance of the United States (US) have fueled expectations of high global interest rates for a longer period, causing the US dollar to strengthen and putting pressure on developing countries.

Apart from increasing borrowing costs, hikes in US interest rates or Fed Fund Rate (FFR) policies have put significant pressure on financial m...