Managing Uncertainties

The weakening of the rupiah and the Indonesian Composite Index (IHSG) since February, despite a good economic foundation, requires an immediate solution. The weakening was triggered by external factors.

Kompas/Priyombodo

Prices on the Jakarta Composite Index are displayed on screen at the Indonesia Stock Exchange (IDX) in Jakarta on Friday (9/3).

The weakening of the rupiah and the Indonesian Composite Index (IHSG) since February, despite a good economic foundation, requires an immediate solution.

The government, market players and finance observers have said that the weakening of the rupiah was triggered by external factors. The weakening occurred after the newly appointed US Federal Reserve chair, Jerome Powell, told US Congress in late February that the US economy remained strong.