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.
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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