Business · Markets · 3 hrs ago

Analysts Say Indonesia May Need Bigger Rate Hikes to Support Rupiah

Analysts Say Indonesia May Need Bigger Rate Hikes to Support Rupiah

Indonesia’s rupiah is near record lows, putting pressure on the country’s currency.

Analysts say Bank Indonesia may need stronger measures, including further interest-rate increases, to support it.

The central bank is Indonesia’s monetary authority and sets interest rates.

Rate hikes can help support the rupiah, though the source does not detail how much rates may need to rise.

The concern is whether the currency can recover sustainably rather than only briefly.

Further rate increases are one possible next step, but no decision or timetable is stated.

1 source

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