BI hikes key interest rate by 50 bps to stabilize rupiah

BI hikes key interest rate by 50 bps to stabilize rupiah

Bank Indonesia (BI) has increased its benchmark interest rate by 50 basis points (bps) to stabilize the rupiah, blaming the recent depreciation of the Indonesian currency on external pressure.

<BREAKING: BI hikes key interest rate by 50 bps to stabilize rupiah - Regulations - The Jakarta Post>