Six interest rate increases since July have helped the rupiah recover from a four-year low on August 30 last year amid concerns that rising oil prices would increase the cost of government fuel subsidies and lead to a widening of the budget deficit.
The rate hikes and the relaxation of the government's fuel subsidy scheme have lead to a recovery of the rupiah and
- A route to economic growth – The Belt and Road Initiative 2018 survey
- Dudley backs floor-based system for setting monetary policy
- Policymakers should act now to prevent next crisis – IMF panellists
- The Bank of Italy’s approach to risk-based budgeting
- Asian Infrastructure Investment Bank – Raising expectations