Reported 1 day ago
Bank Indonesia has signaled limited scope for further interest rate cuts as global risks rise, particularly from political developments in the U.S. and a strengthening dollar. The benchmark BI-Rate remains unchanged at 6% amidst concerns over the rupiah's value, which is under pressure as it approaches 16,000 per dollar. While inflation remains manageable, the central bank is focusing on maintaining currency stability in the face of uncertain global dynamics and is prepared to intervene in the market to support the rupiah.
Source: YAHOO