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Indonesia’s Debt Ceiling Exceeded, Rupiah Struggles

Monday, August 5, 2024

Government debt breached the limit. Markets await a signal of prudent fiscal management from the incoming president.

arsip tempo : 176329761539.

Illustration. Lukmannul Hakim. tempo : 176329761539.

GLOBAL investors once again focus their attention on the Federal Open Market Committee (FOMC) meeting held last week. The long-awaited news of when the Federal Reserve will lower its benchmark interest rates has finally arrived. The FOMC meeting did not cut the rates just yet, but strong signals have emerged indicating that the rate cut is likely to occur this September.

This is indeed splendid news for developing markets like Indonesia. Lo

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Yopie Hidayat

Indonesia Rupiah Debt Interest Rate Prabowo
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