Depleting War Chest in Times of Volatility
The best Bank Indonesia can do now is just to let the rupiah weaken in a slow and steady manner, a soft landing. That would be lucky enough for Indonesia to avoid a crash that could trigger a chaotic monetary crisis.
Yopie Hidayat
October 17, 2022
A SPARK of market optimism to see a lower inflation in the United States has been completely snuffed. Even though the Federal Reserve has been aggressively raising interest rates since March, US inflation still soared.
Per September, year-on-year inflation in the US has reached 8.2 percent. It is indeed slightly lower than August’s level at 8.3 percent. However, what surprised markets was the jump in core inflation, the main indicator
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