EDITORIAL: Gov’t Offers Stimulus to Promote Recovery

The government is taking measures to provide incentives to sectors that are directly impacted by fluctuations in exchange rates. This stimulus policy aims to prevent economic shocks and stabilize these sectors.

Redaksi

25 Okt 2023 - 18.46
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EDITORIAL: Gov’t Offers Stimulus to Promote Recovery

The Indonesian economy is facing ongoing uncertainty due to global economic conditions, especially the potential for an increase in the Fed's interest rates. Such increases could lead to volatility in macroeconomic indicators like exchange rates, interest rates, and commodity prices.

There have already been signs of disturbances, such as the gradual weakening of the Indonesian rupiah, which is approaching IDR 16,000 per US dollar. This trend is deviating from the government's initial assumption for this year's budget, which was set at IDR 15,100 per US dollar.

Additionally, global oil prices have surged, with Brent crude reaching $90 per barrel and WTI at $86 per barrel. 

The future risk of an interest rate hike by the Fed still looms, even though it's expected to remain in the range of 5.25% - 5.5% during the FOMC meeting on 31 October - 1 November 2023. To proactively address these risk factors, Bank Indonesia has raised its benchmark interest rate by 25 basis points.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Ibeth Nurbaiti
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