Bank Indonesia Surprises With Jumbo Rate Hike to Defend Rupiah
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Article Excerpt
nesnku33x3slper71(7[tc1n_media_dl_1.png Bloomberg Article content (Bloomberg) — 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. Article content Bank Indonesia raised the BI-Rate by 50 basis points to 5.25% on Wednesday, the first such move since 2022. The move was anticipated by only one economist in a Bloomberg News survey. Twenty-five analysts had expected a quarter-point move, while 15 predicted a pause. The benchmark rate had been held at 4.75% since Octo…
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Jun 3, 2026