Shuli Ren, Columnist

Indonesia’s Tough Love Won’t Crisis-Proof Its Currency

Jakarta may be out of the Fragile Five, but it’s not quite out of the woods.

August 14, 2018 at 5:35 AM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

The rupiah isn’t buying what it used to.
Photographer: Dimas Ardian/Bloomberg

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Just how worried are emerging markets about the dollar? We’ll find out in Jakarta on Wednesday.

Bank Indonesia is expected to hold its key rate unchanged at 5.25 percent, having preemptively lifted rates by 1 percentage points in May and June to buy itself some insurance against the stronger dollar.