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View all search resultsThe central bank has decided to maintain the BI-Rate at 6 percent in anticipation of the potential adverse impacts on Indonesia's economy and currency from the policies of the incoming administration of US president-elect Donald Trump.
Indonesia has been through some turbulent weeks that could have swung investor sentiment either way, but market actors appeared largely nonchalant in a reflection of their confidence in the country’s political stability and solid economic fundamentals.
While the ongoing global monetary easing is expected to have a positive impact on Indonesia's economy, stakeholders still need to remain mindful of certain risks and take preventive measure to maintain rupiah stability, enhance domestic liquidity and control inflation.
The rupiah had strengthened to nearly Rp 15,600 by noon on Thursday, bringing positive impacts for importers and investors, while experts recommend exporters to implement strategies to dampen the negative effects of a stronger currency.
The market has shown little to no reaction to the appointment of three new deputy ministers under President Joko “Jokowi” Widodo, two of which have close ties with president-elect Prabowo Subianto, as global circumstances play a more commanding role for traders.
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