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The rupiah fell from Rp4,085 to Rp5,650 per dollar in the space of a single week. By the middle of the month, 154 banks, comprising half of the banking system, had suffered bank runs. By Christmas Eve, the rupiah stood at 5,915 per dollar, a fall of 60% since July. The New Year had the rupiah begin at Rp5,447 per dollar.
Nearly one year ago, I made four predictions about the stock market in 2024. The Fed indeed cut rates in Q4, but stocks didn't jump as much as I anticipated. Here are my five predictions for the ...
That prior prediction for four rate cuts next year has "got to be rethought," former Cleveland Fed president Loretta Mester told Yahoo Finance, predicting a "slowing down" for 2025. Two or three ...
Recession fears for 2025 are fading fast, with market models and economist forecasts signaling a slim chance of economic contraction. ... You can invest today for just $0.26/share with a $1000 ...
FDI in the final quarter of last year was up 43.3% on an annual basis, amounting to 175.2 trillion rupiah in rupiah terms, or $12.2 billion in the official U.S. dollar equivalent. [ 153 ] List of the 10 largest foreign investment origin countries in Indonesia in 2022: [ 154 ]
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Bank Indonesia initiated Garuda Project, a project to develop Indonesian central bank digital currency on 30 November 2022. [44] Bank Indonesia issued the white paper on digital Rupiah development. [45] By passage of the Law on Financial Sector Development and Strengthening, digital Rupiah is legalized as form of Rupiah. [46]
U.S. central bankers now project they will make just two quarter-percentage-point rate reductions by the end of 2025, half a percentage point less than officials anticipated as of September ...