Indonesia central bank sees 2023 average rupiah exchange rate at 14,400-14,800/$ per US dollar

Image from Jakarta Post/ANN

JAKARTA, May 31 (Reuters): Indonesia's central bank predicts the rupiah will weaken slightly against the US dollar next year, even as the Federal Reserve is expected to hike interest rates several times through to 2023, its governor said on Tuesday.

Perry Warjiyo said the rupiah's exchange rate is seen averaging at a range of 14,400 to 14,800 a dollar in 2023, compared with Bank Indonesia's (BI) expectation for the currency to trade on average at 14,300 to 14,700 in 2022.