16 stories tagged #rupiah

  1. Indonesia Shocks Markets with Surprise Rate Hike to Defend Plunging Rupiah
    finance

    Indonesia Shocks Markets with Surprise Rate Hike to Defend Plunging Rupiah

    Bank Indonesia raises benchmark rate to 5.50% in emergency move to stem rupiah's record lows amid war and investor fears.

    2w ago 1 min read
  2. Indonesia's Markets in Crisis: Stocks Crash 37%, Rupiah Hits All-Time Low
    finance

    Indonesia's Markets in Crisis: Stocks Crash 37%, Rupiah Hits All-Time Low

    Indonesia faces a severe financial crisis as stocks plunge 37% from peak and the rupiah hits record lows, prompting a massive exodus of global investors.

    2w ago 2 min read
  3. Indonesia and India Intervene as Oil Surge Batters Asian Currencies
    finance

    Indonesia and India Intervene as Oil Surge Batters Asian Currencies

    Bank Indonesia raised rates and spent billions to defend the rupiah. India also intervened as Middle East tensions fueled a dollar flight.

    3w ago 1 min read
  4. Bank Indonesia Expected to Hike Key Rate to 5.00% on Wednesday
    finance

    Bank Indonesia Expected to Hike Key Rate to 5.00% on Wednesday

    Slim majority of economists predict a 25 bps rate hike as the weak rupiah pressures policy.

    last mo. 1 min read
  5. Indonesia Tightens Dollar-Buying Rules to Prop Up Rupiah
    finance

    Indonesia Tightens Dollar-Buying Rules to Prop Up Rupiah

    Bank Indonesia lowers the threshold for dollar purchases to support the rupiah, which hit an all-time low despite strong GDP growth.

    last mo. 1 min read
  6. Indonesia's Economy Beats Forecasts with 5.61% Q1 Growth
    finance

    Indonesia's Economy Beats Forecasts with 5.61% Q1 Growth

    Indonesia's Q1 GDP grew 5.61%, exceeding expectations. Driven by manufacturing, trade, and agriculture, the growth is the fastest since Q3 2022.

    last mo. 1 min read
  7. Fitch Ratings: Indonesia Deficit Breach Possible Without Immediate Downgrade
    finance

    Fitch Ratings: Indonesia Deficit Breach Possible Without Immediate Downgrade

    Fitch Ratings suggests Indonesia may exceed its 3% deficit limit temporarily due to Middle East conflict without an immediate credit rating downgrade. Long-term breaches pose risks.

    2mo ago 1 min read
  8. Singdollar Surges: Safe Haven Status and MAS Policy Drive Record Highs
    finance

    Singdollar Surges: Safe Haven Status and MAS Policy Drive Record Highs

    Explore why the Singapore dollar is reaching record highs against key Asian currencies amidst global uncertainty and rising inflation.

    2mo ago 1 min read