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Two Challenges on Indonesian Financial Market

Monday, November 6, 2023

The Federal Reserve's interest rates hike will still threaten the Indonesian economy. There are also political risks from the 2024 elections.

arsip tempo : 173312819466.

Ilustration TEMPO/Imam Yunianto. tempo : 173312819466.

IN a recent twist of financial events, the United States Federal Reserve’s deliberations last Thursday mirrored a calming pill for the markets, offering a temporary reprieve. Opting to hold interest rates steady, the Fed’s decision swiftly influenced the US dollar’s exchange rate, which experienced a notable descent against the world’s currencies, including the rupiah. After briefly breaching the psychological ba

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