Kemenkeu raises yield to draw capital and support rupiah
Government cash will remain at BI with higher remuneration to preserve money market and banking liquidity, officials said.
The Business Times (Singapore), Antara News +2
Government cash will remain at BI with higher remuneration to preserve money market and banking liquidity, officials said.
Higher import costs could lift prices of food, electronics and energy, while the government speeds domestic oil output plans.
The weak currency is expected to strain import-dependent industries, from pharmaceuticals to automotive, by raising input costs.
Import costs for milk inputs have risen 17%-35%, while producers are holding retail prices amid still-weak purchasing power.
Earlier: Rupiah hits Rp 18.015 per dollar as DPR urges quick actionSeries: Indonesia · Rupiah Slide · 3 chapters since Jun 4DPR passed a revision expanding Bank Indonesia's mandate and oversight, stoking market concerns over central bank independence.