Various upheavals that come as a result of the global phenomenon has led to the trip to move more stable rupiah this year. Call it a referendum after the United Kingdom's exit from the European Union (Brexit), lying on the rupiah's level Rp13.300 per US dollar.
Bank Indonesia (BI) believes if the weakening rupiah due Brexit will not last long. Besides being Brexit had anticipated, the central bank also assess if trade between Indonesia and the UK are not too large."Brexit, we saw undercontrol and manageable, because trade between Indonesia and the UK's small. That should further monitor whether there is a second round impact of Brexit," said Senior Deputy Governor of BI, Mirza Adityaswara, reported on Sunday (11/12/2016).
He added, rather than Brexit impact will not be as severe global crisis in 2008. Because the turmoil arising from Brexit only temporary so that will not disrupt the global economy."The financial turmoil was felt in Asia, but it is temporary in nature. Because we think is different between the supreme mortgage with Brexit," said Mirza.
After Brexit, rupiah volatility tends to be more stable. But near the end of the year, the external storm back to haunt rupiah.Ini proved after the election of the President of the United States Donald Trump menggalahkan the rival Hillary Clinton.
BI Governor Agus Martowardojo admit, since Trump elected president superpower on 9 November 2016 to 16 November 2016, the rupiah has depreciated by 2.3 percent."Since 8 November until 16 November was the rupiah depreciated. The depreciation of the rupiah by 2.3 percent," Agus said at the BI office, Jalan MH Thamrin, Central Jakarta, Thursday, November 17th.After the victory of Trump, the rupiah against the US dollar (USD) had touched the level Rp13.838 per US dollar. In fact, at the opening of the next trading, the rupiah was in a position Rp13.394 per US dollar. Nonetheless, the rupiah in the year to date (ytd) are still experiencing appreciation.
"We see that very well since 8 November to now there are no conditions of depreciation, but year to date we still appreciate. BI is present in the market and we are also a response by us convincingly that happened stability of financial markets," said Agus.
Although he has made it through the second blow earlier, the rupiah will still be faced with the pressure line will be raising their interest rates by the Fed. But with earlier predictions, market participants considered to price in the possibility of increase in the Fed Funds Rate (FFR)."It seems that this uncertainty has become uncertain. This December interest rate will rise to 0.5 percent. The second rate, the third rate will happen gradually," said Mirza.
Labels:
Uncategorized
Thanks for reading Rupiah Survive blow Global Turmoil. Please share...!
0 Comment for "Rupiah Survive blow Global Turmoil"