Goldman Revises Down Rupiah Forecast to 9,000 in Three Months
This article is for subscribers only.
Goldman Sachs Group Inc. lowered its three-month forecast for Indonesia’s rupiah to 9,000 per dollar from 8,750, citing financial-market volatility.
Bank Indonesia will boost its policy rate by 25 basis points to 6.75 percent when it meets on Feb. 4, according to a Goldman Sachs research report released today. Consumer prices in Southeast Asia’s largest economy rose 6.96 percent in December, the most in 20 months, according to official data.