maaf email atau password anda salah

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 : 172147709333.

Ilustration: Alvin Siregar. tempo : 172147709333.

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 54.945/Month

Active for 12 Months, Rp 659.340

  • *You Save -Rp 102.000
  • *Guaranteed update of up to 52 Editions of Tempo Magazine

Rp 64.380/Month

Active Every Month Cancel Anytime

  • *Free for the first month if using a Credit Card

See Other Packages

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

More Articles

More exclusive contents

  • July 15, 2024

  • July 8, 2024

  • July 1, 2024

  • June 24, 2024

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