08:13 Video Mighty Rupiah Thanks to The Fed’s “Word”, How Long Will It Be Strong? My Money – 1 hour ago

Jakarta, CNBC Indonesia- The market responded positively to the move by the US Central Bank, The Fed, to maintain its benchmark interest rate at 5.25%-5.50%. JCI On Friday trading (03/11) session I closed up 0.87% at 6,810 while the Rupiah strengthened 0.50% at Rp. 15,770 per US Dollar.

FX Analyst CNBC Indonesia Research, Revo Gilang Firdaus, said that the Fed’s effect of holding interest rates made the SBN yield spread with US Treasury widen, thus encouraging capital inflow, the effect of which was that the Rupiah could strengthen further.

In line with Revo, Bank Mega’s VP Treasury Global Market, Dharma Setiawan, also assessed that the movement of the Rupiah was supported by the Fed’s policies. However, the market must remain alert to US macro data which still records high inflation so that the prospect of the Fed Funds Rate (FFR) increasing again is still open and the Rupiah is again volatile.

How do market players view the direction of the Fed’s policy, what impact will it have on the Rupiah and the Indonesian capital market? For complete details, see Anneke Wijaya’s dialogue with Vice President of Treasury Global Market Bank Mega, Dharma Setiawan and FX Analyst CNBC Indonesia Research, Revo Gilang Firdaus at Power Lunch, CNBCIndonesia (Friday, 03/11/2023)

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