Indonesia's rupiah remains on track for its steepest weekly decline since May, with higher US yields and a firmer dollar keeping pressure on the currency while the central bank con
Indonesia's rupiah remains on track for its steepest weekly decline since May, with higher US yields and a firmer dollar keeping pressure on the currency while the central bank continues injecting liquidity despite growing credit. Equities closed lower, with the IDX Composite slipping as banking shares dragged the index down. On the policy front, the government has pledged to repay cooperative scheme loans before a looming deadline, though reports indicate funds have yet to be disbursed, while regional headlines included a joint halal council with Malaysia and the release of a death-row prisoner following a pardon.
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works