maaf email atau password anda salah

Other Tempo Media
Majalah Tempo
Koran Tempo
Tempo.co
Subscribe

Interest Rate Hike Falls Short, Market Awaits Prabowo’s Direction

Monday, April 29, 2024

BI Rate hike fails to boost the rupiah. The markets await certainty on the new government’s fiscal policy direction.

arsip tempo : 176597262116.

Illustration. Alvin Siregar. tempo : 176597262116.

BANK Indonesia (BI) has been compelled to take a decisive step in combating the depreciation of the rupiah by raising interest rates. Last week, BI’s reference rate, the BI Rate, was elevated from 6 percent to 6.25 percent. This move is expected to inevitably dampen economic growth. Such is the cost of stabilizing the rupiah.

The market, however, did not respond enthusiastically. A day before the rate hike, the exchange rate did sligh

...

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 750.000/12 months

  • *Flexible payment methods
  • *Unlimited access to Tempo Plus & Tempo Magz
Subscribe

Rp 386.280/6 months

  • *Auto-renews every 6 months
  • *Cancel at anytime
  • *Unlimited access to Tempo Plus & Tempo Magz
Subscribe

See Other Packages

Already a Subscribed? Log in here
To receive daily news by Email, Sign up for Tempo ID.

Yopie Hidayat

BI Rate Rupiah weekly economic review Interest Rate Prabowo Fiscal Policies
Prev Next

More Articles

More exclusive contents

  • December 15, 2025

  • December 8, 2025

  • December 1, 2025

  • November 24, 2025

Independent journalism needs public support. By subscribing to Tempo, you will contribute to our ongoing efforts to produce accurate, in-depth and reliable information. We believe that you and everyone else can make all the right decisions if you receive correct and complete information. For this reason, since its establishment on March 6, 1971, Tempo has been and will always be committed to hard-hitting investigative journalism. For the public and the Republic.

Login Subscribe