Rates Hiked in Indonesia and Philippines

The video discusses the economic challenges faced by Indonesia and the Philippines, focusing on their central banks' responses to inflation and currency issues. Bank Indonesia raised its key rate by 25 basis points to combat inflation and stabilize the rupia, which remains weak compared to other Asian currencies. The Philippines' central bank, BSP, increased its rate by 50 basis points to address a high inflation rate of 6.4%, which is above the target range. Despite these measures, the Philippine peso continues to weaken, indicating potential further rate hikes.

What was the recent action taken by Bank Indonesia to address currency issues?

• Introduced a new currency

• Implemented a currency swap agreement

• Increased the key rate by 25 basis points

• Decreased the key rate by 25 basis points

Which Asian currency is weaker than the Indonesian rupiah?

• Indian rupee

• Japanese yen

• Chinese yuan

• South Korean won

What is a major concern for Indonesia that might lead to further rate hikes?

• Rising unemployment

• Trade war tensions

• Falling oil prices

• Decreasing foreign investments

What was the inflation rate in the Philippines as mentioned in the transcript?

• 2.4%

• 4.6%

• 6.4%

• 8.4%

What is the target inflation range for the Philippines?

• 4 to 6%

• 2 to 4%

• 1 to 3%

• 3 to 5%