The Central Bank Interest Dilemma

RECENTLY, there have been some good news that should have supported the rupiah. But they seem to mean nothing. The rupiah’s value against major currencies continues its slow down but surely decline.

This is happening despite the foreign reserve level reaching its highest all-time record at the end of July, at US$135.1 billion. This is the first piece of good news, which showcases the abundant supply of foreign currency within the country.

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