Self-Inflicting Harm in Time of Slowdowns
Monday, 26 December 2022
For Indonesia, the plan for bauxite export ban will be a self-inflicted double blow. Besides lowering export earnings, domestic bauxite mining firms will face big trouble.
THE year may change, but the rise of interest rates remains constant. There are still no signs of a change in policy direction from the main central banks of the world. Even in December, the fact that rate hikes are slowing down throughout the world does not mean that the rates themselves will immediately start going down. Rather, it is rising at a slower speed.
The Federal Reserve, the European Central Bank, and the Bank of England increased th
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