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The Fed’s Pivot Puts Pressure on Rupiah

Monday, May 6, 2024

The Fed’s hawkish stand on interest rate creates continuing pressure on the rupiah. Capital flight poses an increasingly serious threat.

arsip tempo : 172148251512.

Ilustration: Alvin Siregar. tempo : 172148251512.

THE Federal Reserve has sent a signal disliked by financial markets worldwide. The Fed’s benchmark interest rates will remain high for a longer period. “I don’t know how long it will take,” the Fed Chair Jerome Powell said during the press conference on Wednesday, May 1.

Currently, the Fed has set its benchmark rate in a range of 5.25 percent to 5.5 percent, the highest in the last 20 years. If these levels persist,


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