Hunch. MSCI launched the consultation on 15 October, before the November review it had named in June as the checkpoint.
The June market resolves on MSCI's press releases at msci.com: YES if by 30 June 2027 MSCI announces a decision to move the MSCI Indonesia Indexes from Emerging Markets to a lower status, Standalone or Frontier, even if the move takes effect later, and NO if it keeps Indonesia in Emerging Markets or has not decided by then. A longer consultation or a later decision date counts as NO, and Reuters and The Guardian settle it if MSCI's pages cannot be opened.
We looked for cases where MSCI said in writing that it planned to move a country's stock market to a lower group, and later announced a decision. We found ten such reviews since 2008. Greece and Morocco were moved in the same decision in 2013, so they count once, which leaves nine. (MSCI; MSCI)