Indonesia’s central bank hikes rates again, totaling 1% in span of a month
Markets
Bank Indonesia sees 5.75% interest rate as stabilizing the rupiah and preventing capital outflows
Bank Indonesia raised its benchmark interest rate by 25 basis points on June 18, marking its third rate hike in 30 days. (Photo by Yuki Kohara)
JAKARTA — Indonesia’s central bank raised its benchmark interest rate by 25 basis points, or 0.25%, on Thursday, to 5.75%, marking its third rate hike in 30 days to shore up the rupiah.
