Bloomberg
US · 52 mins ago
✦ 78◉ Centre
Prabowo Needs More Than Rate Hikes to Fix Market, Analysts Say
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Quality 78/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ✓ Fair headline
Indonesia's central bank raised interest rates to support the rupiah currency, but analysts argue the measure alone is insufficient to restore investor confidence in President Prabowo Subianto's broader economic management.
Prabowo Needs More Than Rate Hikes to Fix Market, Analysts Say
The surprise hike in Indonesia’s interest rates on Tuesday helped the rupiah rebound from a record low, but analysts say it likely won’t restore long-term investor confidence in President Prabowo Subianto’s management of the economy.
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