In a futile attempt to strengthen the TANKING Rupiah, Bank Indonesia just raised interest rates another 25 bps.
Sentiment has turned negative on Pres. Prabowo's interventionist policies and the Rupiah.
Stay tuned.
IHSG di bawah 5.500 dan USD terhadap rupiah menyentuh Rp 18.171,- per siang ini. Pasar dinamis, pemerintah juga sdg berusaha membuat respon kebijakan yang terukur. Kita apresiasi dan dukung. Harapan saya sangat sederhana: semoga Menkeu tak merekomendasikan serok saham....🙏🏻
Global investors are rapidly losing confidence in Indonesia as the nation’s stocks tumble at the fastest pace worldwide and its currency sinks to all-time lows https://t.co/VWHvf16qJY
BREAKING: Indonesia's rupiah reached its weakest level ever against the US dollar Thursday. The rupiah is now 18,028 against the dollar, despite the central bank's efforts to support the currency.
🔴 More on https://t.co/5H0QqpggO4
Let me remind and encourage you again: God is sovereign; you and I aren't. This isn't just theology we should proclaim on Sunday; it must be the foundation of our identity every day of the week. God is in absolute control, and he's infinitely good.