Indonesia’s rupiah defence strategy comes at cost of higher household burden (opens original article in a new tab)

Indonesia's government raised interest rates and fuel prices to stabilize the rupiah, but these measures may increase household and business costs.

• Indonesia raised BI-Rate by 25 basis points to 5.50% to stabilize rupiah
• Non-subsidized fuel prices increased to reduce state budget pressure
• Analysts note higher household and business costs from these measures
• Rupiah recovered to 17,900 per US dollar after rate hike