Rupiah’s Heavy Burdens Next Year
Monday, December 6, 2021
The tightening of the US dollar liquidity in the global market which is immediately followed up by a rise in interest rates will create a great shock to the market. Emerging economies like Indonesia will face high pressures.
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AT last, the Federal Reserve Chair Jay Powell has changed course. Before the United States Senate on November 30, he conveyed that fighting inflation is now the main goal of his policies. This is a big change. Previously Powell viewed that inflation was just a transitory phenomenon that did not require an immediate response.
The change in Powell’s views would bring big consequences to the global financial market. If the effort ag
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