BI expects rupiah to strengthen in 2nd half of 2016
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[JAKARTA] Indonesia's central bank expects more stable external conditions this year, which should lead to the rupiah appreciating in the second half, Deputy Governor Perry Warjiyo told reporters on Monday.
He said he sees the Federal Reserve raising US interest rates twice this year, by a total of 100 basis points. He also said he is sure China will stabilise its financial market, making external condition more stable.
The rupiah was emerging Asia's second-worst performing currency last year when it lost more than 10 per cent against the dollar.
This year, it has been one of the best performing currencies. At 0335 GMT Monday, it was trading at 13,845 to the dollar.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Japan stocks look set for new highs in 2025 on earnings, reform
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
