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Turmoil from China and the Middle East

Monday, October 7, 2024

Indonesia’s economy and financial markets are once again facing volatility stemming from China and the Middle East, leaving no respite for investors.

arsip tempo : 177142005868.

Illustration. Alvin Siregar. tempo : 177142005868.

THERE has been a sudden about-face in the Chinese government’s economic policy. Last week, the People’s Bank of China launched a stimulus package aimed at boosting the sluggish economy. A massive injection of liquidity was introduced to stimulate consumer spending.

The stimulus includes short-term interest rate cuts and a reduction in reserve requirements for banks. The amount of money banks must hold in reserve will be cut

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Yopie Hidayat

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