Indonesian central bank hikes rates again (opens original article in a new tab)

Indonesia's central bank raised interest rates again to stabilize the rupiah and attract capital, following a series of rate hikes and currency volatility.

• Indonesia's central bank raised benchmark interest rates by 25 basis points to 5.75%
• Rupiah strengthened to 17,725 after the rate hike following previous record lows
• Central bank increased rates three times in four weeks to stabilize currency and investor confidence