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Indonesian central bank hikes rates again
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 capital and halt selling in its battered rupiah and other assets.
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scmp.com
Indonesia’s rupiah rebounds but rate rises threaten the middle class
A successful sovereign wealth fund debut and a stock market rally offer a reprieve, even as higher borrowing costs threaten growth.
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cryptobriefing.com
Bank Indonesia hikes key interest rate for third time in a month as rupiah crisis deepens
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.
