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Rupiah’s Costly Protection Could Go to Waste

Monday, October 30, 2023

The market’s pressure on the rupiah is simply too strong to bear. The cost of defending it might be wasted.

arsip tempo : 173520675285.

Rupiah’s Costly Protection Could Go to Waste. TEMPO/Imam Yunianto. tempo : 173520675285.

THE rupiah continues to decline. Last month, it depreciated by 3.1 percent against the United States dollar, and it may continue depreciating. The latest data on the United States’ economy, which was released last Thursday, can push the rupiah even lower.

That data is the rapid growth rate of the US economy, which was 4.9 percent in Q3 2023. The US economy proved to be resistant to high interest rates and it maintained high growt

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Yopie Hidayat

Bank Indonesia Indonesia Rupiah weekly economic review The United States
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