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Rupiah slide and ‘Sell Indonesia’ stocks: Jakarta’s counter moves useful but experts flag deeper fiscal concerns
Indonesia’s emergency interest rate hike and efforts to support the rupiah may have helped calm markets for now, but economists say investor confidence will not fully return unless the government addresses deeper concerns.
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channelnewsasia.com
Indonesia raises rates in surprise move to prop up sinking rupiah
JAKARTA, June 9 : Indonesia's central bank raised interest rates by 25 basis points on Tuesday in an unexpected off-cycle rate hike, taking the benchmark rate to 5.50 per cent as…
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Indonesia raises rates in surprise move to support sinking rupiah
JAKARTA, June 9 : Indonesia's central bank raised interest rates by 25 basis points on Tuesday in an unexpected off-cycle rate hike, taking the benchmark rate to 5.50 per cent as…
