Indonesia's Economic Fundamental Good, Rupiah Awaits US Signals

Suci Sedya Utami    •    Selasa, 06 Oct 2015 12:18 WIB
Indonesia's Economic Fundamental Good, Rupiah Awaits US Signals
An employee at a moneychanger in Jakarta counts Indonesian rupiah and US dolar. (Photo: MI / Ramdani), Jakarta: Government affirmed that the fundamental or indicator of Indonesia's macroeconomy is actually in a good position, as it may strengthen rupiah currency against US dollar.

According to Finance Minister Bambang Brodjonegoro, the variable of Indonesia's macro economy indicators have shown improvement from the lower current account deficit, controlled inflation and trade balance surplus.

He explained that the current account deficit has reached under 2.5 percent of the GDP, while the inflation is going towards below seven percent year-on-year, as it is at the range of 2.2 to 2.3 percent year to date. Meanwhile, the trade balance recorded a surplus with the realization of import reductions.

Unfortunately, Bambang said, the global uncertainties have constantly pressured rupiah as it weakened against US dollar. He saw an anomaly or abnormality which triggered the weakening of rupiah currency value. 

"The macro indicator is better, as it reveals the terms of rupiah strengthening. But the global anomaly and other sentiments have caused (rupiah weakening)," Bambang said on Monday, October 5, 2015.

The UI Economist estimated that pressure against rupiah will still continue until the global uncertainties eased down. Bambang stated the current world economy direction is unclear, as the plans for the US Interest Rate hike.

"Even though this is a repeated cliche, but it's the reality. Every player is waiting for a signal from the US," he concluded.


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