JAKARTA, June 9 — Indonesia’s central bank announced a surprise 25-basis-point interest rate hike today, citing “high global volatility” and concerns over currency...

Following last week’s sell-off, the rupiah fell 0.7 per cent to a new low against the US dollar in early trading on June 8. Read more at straitstimes.com. Read more at…

Bank Indonesia (BI) has increased the benchmark interest rate outside the monthly schedule to shore up the rupiah after the currency has seen months of depreciation amid a strong…