Asian currencies: Rupiah skids after surprise rate cut
BENGALURU: Malaysia’s ringgit hit a more than 19-month high on Wednesday, leading gains in largely positive Asian currencies ahead of a likely start to the US Federal Reserve’s easing cycle, while the Indonesian rupiah ticked lower after a surprise rate cut.
Indonesia's central bank front runs Fed with surprise rate cut
Indonesia's central bank delivered its first rate cut in more than three years on Wednesday, just hours ahead of the widely expected start of the U.S. Federal Reserve's easing cycle in efforts to bolster growth in Southeast Asia's largest economy.
The Indonesian rupiah is poised for its best week since January, as the nation’s bonds rally on rising inflows. Bank ...
Rupiah bulls are betting on further gains as foreign investors pile into Indonesian debt ahead of key interest-rate moves.
Most Emerging Asian stocks and currencies were set for weekly gains on Friday as risk appetite got a boost and buying frenzy ...
Meanwhile, Bank Permata's Chief Economist Josua Pardede stated that BI has room to cut its benchmark rate by the end of 2024, ...
Sarana Menara Nusantara, operator of cell towers controlled by Indonesian billionaires R. Budi and Michael Hartono, plans to ...
Indonesia's parliament on Thursday passed President-elect Prabowo Subianto's maiden budget for 2025, with spending set at ...
The Bloomberg Asia Dollar Index rose 0.2% on Thursday, bringing the gauge to the highest since July 2023. The Indonesian ...
PT Bukit Makmur Mandiri Utama (Buma), the principal subsidiary of Delta Dunia Group, has issued its second rupiah-denominated ...
Indonesia's key parliamentary budget committee on Tuesday approved increased spending for the incoming government of ...
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