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Indonesia raises rates in surprise move to prop up sinking rupiah
JAKARTA, June 9 : Indonesia's central bank raised interest rates by 25 basis points on Tuesday in an unexpected off-cycle rate hike, taking the benchmark rate to 5.50 per cent as it moves to stabilise the rupiah, which has hit a series of record lows.Bank Indonesia (BI) said in a statement posted on its webs
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en.tempo.co
Indonesia Shares Stabilization Strategies as Rupiah Slides Past 18,000
Bank Indonesia and Ministry of Finance prepare two strategies to maintain the rupiah exchange rate.
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thejakartapost.com
BI, Finance Ministry agree to boost asset yields to aid rupiah - Markets - The Jakarta Post
Bank Indonesia (BI) and the Finance Ministry on Saturday agreed to increase yields on Indonesian assets to attract portfolio inflows and support the rupiah, after the currency hit…
