Indonesia central bank delivers hefty interest rate rise as it looks to stem battered rupiah's fall - Reuters
Indonesia central bank delivers hefty interest rate rise as it looks to stem battered rupiah's fall Reuters
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"The increase is a further step to strengthen the stabilisation of the rupiah exchange rate amid global volatility due to the Middle East war, as well as a pre-emptive measure to keep inflation within the target range in 2026 and 2027."
— Perry Warjiyo , Executive
"We think the bold 50 basis point hike by BI not only shows the shift of priority to FX stability but also displays BI’s maintained credibility and independence."
— Rangga Cipta , Executive
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<a href="https://news.google.com/rss/articles/CBMivgFBVV95cUxObjFrQkY3N1RpVDZQUnpCaDBDTWZMeHVjTFJRQUdDdjVnZjc5emp1Ny05dDluTXdxbzRtME4wNGVSdTl3UEp2ZWxBUUFqNEdEMG1tNnlPMG1Temlhc0NxVnNuS2c0aUJXLVRLQU42ajFQeVVzcUdhMmNkS2Q4WEJ0Y3lkMHJBQTJ1eUpFcTRNYUctbnJMbGk5aWlaWnUzM0NYWFVkeWpHNFdjc2VkZTJyOWZCRzd6M2JSQjFNNlZn?oc=5" target="_blank">Indonesia central bank delivers hefty interest rate rise as it looks to stem battered rupiah's fall</a> <font color="#6f6f6f">Reuters</font>
Indonesia's central bank raised its policy interest rates for the first time in two years, increasing the benchmark 7-day reverse repurchase rate by 50 basis points to 5.25% to support the rupiah currency.
Bank Indonesia raised its benchmark 7-day reverse repurchase rate by 50 basis points to 5.25% to stabilize the rupiah amid global volatility due to the Middle East war.
Bank Indonesia hiked its benchmark seven-day reverse repurchase rate by 50 basis points to 5.25% to support the rupiah currency, which has fallen to record lows.
Indonesia's central bank raised the BI-Rate by 50 basis points to 5.25%, the first such move since 2022, to defend the rupiah after it tumbled to record lows.
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