Bank Indonesia Hikes Benchmark Rates for First Time Since 2018
KONTAN.CO.ID - JAKARTA, Aug 23 (Reuters) - Indonesia's central bank raised its benchmark interest rate for the first time since 2018 on Tuesday, stepping up monetary tightening to fight rising inflation.
Bank Indonesia (BI) hiked the seven-day reverse repurchase IDCBRR=ECI rate by 25 basis points (bps) to 3.75%.
