US interest rates

Rupiah woes point to another rate hike

Indonesia’s central bank is set to raise its benchmark interest rate for a third time since May in a bid to halt a deepening currency rout.Southeast Asia’s biggest economy is struggling to fire and inflation remains subdued, but Bank Indonesia’s (BI) focus is squarely on the rupiah. Indonesia has been among the hardest hit in Asia in a global emerging-market sell-off triggered by higher United States (US) interest rates and a stronger dollar.

29 June 2018
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