www.bloomberg.com
Here is a summary in under 100 words:
Bank Indonesia Governor Perry Warjiyo was summoned to the presidential palace on Wednesday to discuss policy coordination as the rupiah hit a record low. Occurring just hours before the central bank’s interest rate decision, the rare meeting highlighted the urgency of stabilizing the currency amid market volatility. The discussions focused on synchronizing government and central bank strategies to restore investor confidence and curb the rupiah’s decline. This move underscores the pressure on Indonesian authorities to implement effective measures to shield the economy from global financial pressures.
Read More
