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View all search resultsAs the rupiah grapples with a "perfect storm" of global dollar strength and domestic regulatory uncertainty, Indonesia faces a critical test of market confidence that may require a fresh infusion of professional leadership to resolve.
The central bank has decided to keep the BI-Rate unchanged at 4.75 percent to prevent the rupiah from spiraling ever downward amid the nearly two-month war in Iran as the currency hit a record low of Rp 17,193 per greenback on Wednesday, while experts pointed to a narrowing room for monetary policy in its aim to secure financial stability.
Inflation in Indonesia has slowed down in March despite surging global oil prices and elevated demand over the Idul Fitri holidays, but analysts warn of rising inflationary pressure as the Iran war drags on.
Recent crackdown on fintech lending ignores a critical reality: these "price-fixing" measures were actually regulatory mandates designed to protect consumers. By applying a rigid competition framework to a co-regulated market, the KPPU risks stifling financial inclusion and deterring the very investors the nation needs.
Bank Indonesia (BI) has left its benchmark interest rate unchanged as the United States-Israel war on Iran puts pressure on the rupiah, prompting the central bank to respond with forex market intervention and tighter foreign exchange controls.
Australia's central bank raised its cash rate for a second straight month on Tuesday, saying higher borrowing costs were needed to contain inflation, though a very tight vote suggested further tightening is far from certain.
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