Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Bank Indonesia raises benchmark interest rate to 5.75% in third hike within 30 days.

Nikkei Asia ·
Bank Indonesia raises benchmark interest rate to 5.75% in third hike within 30 days.
  • Bank Indonesia raised its benchmark interest rate by 25 basis points on June 18, bringing the policy rate to 5.75%.
  • The central bank has increased rates by a total of 1% over the span of 30 days to defend the rupiah.
  • The aggressive tightening cycle aims to prevent capital outflows as a strong dollar rally weighs on Asian economies.

Quotes

“Bank Indonesia sees 5.75% interest rate as stabilizing the rupiah and preventing capital outflows”— Nikkei Asia

Sources

Bank Indonesia raises benchmark interest rate to 5.75% in third hike within 30 days. — Heurist Finance