An economic policy package set to be announced on Wednesday will hopefully boost Indonesia’s economic growth and ease pressure on the rupiah exchange rate, says one analyst.
“The rupiah exchange rate has begun to recede in response to the government’s expected announcement of an economic policy package later today. It is hoped sentiments from the government can maintain the people’s purchasing power, draw capital flows, lift some regulations that have dampened the investment climate and eventually strengthen Indonesia’s economy,” said Samuel Sekuritas economist Rangga Cipta in Jakarta as quoted by Antara.
On Wednesday morning, the rupiah exchange rate had strengthened by 21 points to Rp 14,255 from Rp 14,276.
An economic policy package set to be announced on Wednesday will hopefully boost Indonesia’s economic growth and ease pressure on the rupiah exchange rate, says one analyst.“The rupiah exchange rate has begun to recede in response to the government’s expected announcement of an economic policy package later today. It is hoped sentiments from the government can maintain the people’s purchasing power, draw capital flows, lift some regulations that have dampened the investment climate and eventually strengthen Indonesia’s economy,” said Samuel Sekuritas economist Rangga Cipta in Jakarta as quoted by Antara.On Wednesday morning, the rupiah exchange rate had strengthened by 21 points to Rp 14,255 from Rp 14,276.
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