Translate

Tuesday, October 28, 2008

Indonesia Plans `Response Policy' to Boost Currency

Indonesia's President Susilo Bambang Yudhoyono said the government will announce a ``response policy'' tonight to stem a slide in the nation's currency.

The currency fell as much as 8.7 percent before recovering to trade down 0.9 percent at 11,050 against the dollar.

``We cannot always solve this through intervention,'' Yudhoyono told reporters in Jakarta today, referring to the central bank buying the local currency. ``If the decline is because of fundamental reasons, what we must solve is the fundamental reasons.''
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 04
04:30 S&P Global Services PMI 2 50.6 50.5 50.5
04:30 Ai Group Manufacturing PMI 1 -23.5 -26.5
04:30 AiG Industry Index 2 -12.3 -15.0
07:00 Gross Domestic Product (YoY) 2 1.3% 1.5% 1.3%
07:00 Gross Domestic Product (QoQ) 3 0.2% 0.4% 0.6%
14:00 S&P Global Composite PMI 1 49.4 49.4
14:00 S&P Global Services PMI 1 50.2 50.2
16:30 MBA Mortgage Applications 1 -1.2%
17:45 ADP Employment Change 3 115K 62K
18:00 Labor Productivity (QoQ) 1 0.4% 0.6%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener