Indonesia's central bank announced a surprise 25-basis-point interest rate hike on June 9, citing "high global volatility" and concerns over currency stability.

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…

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…