Rupiah’s Next Challenge after Global Disaster Prevented - Market Pulse - magz.tempo.co

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Rupiah’s Next Challenge after Global Disaster Prevented

Monday, May 29, 2023

After successfully navigating through the turbulence of the global market, the rupiah is now facing a local test: the weakening trend of the Indonesian economy.

Ilustration Tempo/Imam Yunianto. tempo : 173222158965.

THE tensions that once gripped the global financial markets have now eased, thanks to positive developments in the negotiations between United States President Joe Biden and House Speaker Kevin McCarthy on raising the US government’s debt limit. Over the weekend, the market received encouraging news that Congress is likely to raise the debt limit enough to cover the government’s needs for the next two years. In return, President

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