Economy
Bank Indonesia Raises Key Rate Again to Shore Up Rupiah
Bank Indonesia (BI) hiked its benchmark interest rate by 25 basis points to 5.75% in a bid to counter the weakening rupiah and inflationary pressures, marking the second rate hike this year.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Bank Indonesia Raises Key Rate by 25 bps to Stabilize Rupiah and Attract Foreign Investment
Bank Indonesia (BI) has raised its benchmark interest rate (BI Rate) by 25 basis points to 5.5% to counter the rapid depreciation of the rupiah. The move aims to attract foreign investment and curb inflation, with markets responding positively with gains in stock prices and the rupiah.