Indonesia Delivers Off-Cycle Rate Hike to Shore Up Currency
Indonesia’s central bank unexpectedly raised its benchmark interest rate in an off-cycle decision, seeking to support the rupiah after a selloff in stocks and bonds fueled capital outflows.
By Grace Sihombing · Bloomberg Markets
Indonesia’s central bank unexpectedly raised its benchmark interest rate in an off-cycle decision, seeking to support the rupiah after a selloff in stocks and bonds fueled capital outflows.