World & BusinessBank Indonesia holds benchmark interest rate steady
The Jakarta Post reports that the central bank kept its rate unchanged despite high global energy prices and a recent U.S. Federal Reserve rate hike.
TLDR
Bank Indonesia kept its benchmark interest rate unchanged and is relying on hedging to protect the rupiah, The Jakarta Post reports. The decision comes despite high global energy prices and a recent U.S. Federal Reserve rate hike, the paper says. Nikkei Asia reports that the hold was expected, while investors remain alert to budget risks and capital outflows.
Bank Indonesia holds benchmark interest rate steady
The Jakarta Post reports that the central bank kept its rate unchanged despite high global energy prices and a recent U.S. Federal Reserve rate hike.