The recent fluctuations of the rupiah against the US dollar can be likened to an intricate opera, reminiscent of Richard Wagner’s renowned works that blend poetry, visual art, music and melancholic drama into a beautiful symphony.
Persistent price rises by US service sector businesses have underscored the stickiness of inflation and pushed back expectations for interest rate reductions in 2024, jeopardising hopes for a successful soft landing.
January's hotter-than-expected inflation report threw the financial market into a tailspin on Tuesday and upended investors' expectations about how soon and.