Indonesia’s current account deficit expanded to a three-quarter high of USD 2.2 bln, or 0.6% of GDP, in Q1 due to faltering exports. The balance of payments also shifted to a USD 6 bln deficit from a previous USD 8.6 bln surplus. These developments challenge the central bank’s efforts to maintain the rupiah above the 16,000 per USD mark, especially as the currency recently rebounded from a four-year low.