Rupiah Poised for Record Low on Policy Risk, Top Forecaster Says

The rate increases would not be enough to stem the rupiah’s decline and waning investor confidence in Indonesia, analysts said. “Placing the currency on a firmer footing requires more than just...

The rupiah may weaken to 17,000 per dollar this year, said Jason Tuvey, deputy chief economist for emerging markets at Capital Economics, putting it past the all-time low set in April.

Jason Tuvey, deputy chief emerging markets economist at Capital Economics, said the measures “failed to live up to expectations”. “[They] reinforce the idea that political commitment to stabilising...