The rate rise is aimed at strengthening the effort to bolster the rupiah’s stability. Read more at straitstimes.com. Read more at straitstimes.com.

Bank Indonesia raised its benchmark rate to 5.50% in its third hike in a month, signaling deepening rupiah concerns with implications for crypto markets.

JAKARTA - Indonesia’s central bank raised its benchmark interest rates by 25 basis points on Thursday, just a week after a surprise off-cycle hike, as it seeks to attract fresh…

The rate rise is aimed at strengthening the effort to bolster the rupiah’s stability. Read more at straitstimes.com. Read more at straitstimes.com.

The central bank has lifted the benchmark interest rate three times in short succession to curb the rupiah’s slide.

Bank Indonesia sees 5.75% interest rate as stabilizing the rupiah and preventing capital outflows

Bank Indonesia menaikkan suku bunga acuan menjadi 5,75% untuk memperkuat rupiah. Namun, ini berpotensi meningkatkan bunga pinjaman dan membebani masyarakat.

The central bank lifted its key interest rate by 25 basis points to 5.75 percent, bringing the total increase to 1 percentage point over the past month.