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Jakarta urges America to hurry up and raise rates

Mon, Aug 10, 2015 - 5:50 AM

MR DJALIL: He said that the current weakness of the rupiah is because markets have priced in a 25-50 basis point increase in the Fed's rate.

PHOTO: REUTERS

Jakarta

INDONESIA wants the US Federal Reserve to hurry up and raise interest rates because uncertainty over when it will tighten has created downward pressure on the rupiah, the country's chief economics minister said.

Sofyan Djalil, Coordinating Minister for Economics, told...

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