Indonesia Raises Rates Again to Go ‘All Out’ Supporting Rupiah (opens original article in a new tab)

Indonesia's central bank raised its key interest rate for the third time in a month to stabilize the rupiah and attract foreign investment, with total tightening reaching 100 basis points this year.

• Indonesia's central bank raised its key interest rate by 25 basis points to 5.75%
• The rate hike aims to stabilize the rupiah and attract foreign investment
• Bank Indonesia has raised rates by 100 basis points this year