Indonesia's Central Bank Implements Another Rate Hike to Bolster Rupiah

Deep News

06/18

Indonesia's central bank has raised its key policy rate for the third time in approximately one month, intensifying efforts to stabilize the rupiah's exchange rate and bolster investor confidence.

The central bank increased its benchmark interest rate by 25 basis points to 5.75% on Thursday, aligning with the expectations of most analysts surveyed by Bloomberg News.

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