Bloomberg The coming week may prove to be a crucial one for the Indonesian rupiah. As Wednesday’s policy decision approaches, Bank Indonesia finds itself under pressure to raise the benchmark rate again even after increasing it by a combined 100 basis points since mid-May to stem a slide in the currency. Rupiah headwinds have steadily increased in recent weeks and ...

Bloomberg The outsize growth of a country’s banks is a sign that credit expansion is faster there than in other nations. In 1988, 9 of the 10 largest banks in the world were Japanese. Three years later the country’s financial system, along with its lenders, collapsed, sending Japan into its infamous lost decade (or three, considering the country is still ...

Bloomberg Some of Wall Street’s biggest banks are warning investors to steer clear of Russian assets after the ruble’s worst week since the 2015 oil crash amid mounting risks of crippling sanctions from the U.S. Morgan Stanley turned bearish and UBS Group AG closed its recommendation to buy the Russian currency, with analysts at both banks saying in notes that ...