Business & Finance
Indonesia’s rupiah rebounds but rate rises threaten middle class
Key Points
Indonesia’s rupiah rallied from a historic low this week, its stock market surged and a closely watched sovereign wealth fund bond offering was oversubscribed, offering Southeast Asia’s largest economy a reprieve after months of asset pressure. But economists have warned that the relief may come at a cost as the same forces helping stabilise the rupiah, including higher interest rates and easing external pressure, could deepen financial strain on the country’s shrinking middle class and...
Indonesia’s rupiah rallied from a historic low this week, its stock market surged and a closely watched sovereign wealth fund bond offering was oversubscribed, offering Southeast Asia’s largest economy a reprieve after months of asset pressure.
But economists have warned that the relief may come at a cost as the same forces helping stabilise the rupiah, including higher interest rates and easing external pressure, could deepen financial strain on the country’s shrinking middle class and weigh on...
[Image text:] NOE
SIKAAR
SOTE
DDAWIN
B
THIS NOTE IS LEGAL
FOR ALLDEBTS.PUBLIC
INDONESIA
JULY41776
100000
SERATUS RIBURUPIAK
Dr.H.Cr.SOEKARNO Dr.HC.)DIS.MOHAMMADHATTA
8A.2UTAA32