Indonesia Set for Half-Point Interest Rate Hike to Aid Rupiah
(Bloomberg) — Indonesia’s central bank is expected to deliver another half-point increase in the policy rate to stem the rupiah’s slide and check price pressures. Bank Indonesia will raise its 7-day reverse repurchase rate by 50 basis points to 4.75%, according to 19 of 31 economists surveyed by Bloomberg as of Wednesday. Eleven forecast the […]
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