Bank Indonesia Surprises With Jumbo Rate Hike to Defend Rupiah
Indonesia’s central bank delivered a larger-than-expected interest-rate increase to intensify its defense of the rupiah after the currency tumbled to successive record lows this month.
By Grace Sihombing · Bloomberg Markets
Indonesia’s central bank delivered a larger-than-expected interest-rate increase to intensify its defense of the rupiah after the currency tumbled to successive record lows this month.