Indonesian Rupiah Falls on Concerns About Excessive Inflation

 March 04th, 2013 at 9:58

Rupiah notes and coinsThe Indonesian rupiah fell today after data showed that inflation accelerated more than was expected by analysts, threatening the nation’s economy.

Indonesian consumer prices jumped 5.31 percent in February, according to the government data. Analysts’ projections have pointed at 4.81 percent as a likely figure. Excessive inflation is dangerous to an economy as it erodes purchasing power of consumers. Yet economists think that the Bank Indonesia will not change its monetary policy.

USD/IDR climbed 0.33 percent to 9,714.0000 as of 9:57 GMT today.

Indonesian Rupiah Falls on Concerns About Excessive Inflation Indonesian Rupiah Falls on Concerns About Excessive Inflation Reviewed by Sopheap Chhin on 5:40:00 AM Rating: 5

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