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Bank Indonesia Seen Stepping Up Tightening Pace After 'Game Changer' Fuel Hike

Senin, 05 September 2022 | 16:21 WIB
Bank Indonesia Seen Stepping Up Tightening Pace After 'Game Changer' Fuel Hike

ILUSTRASI. Indonesia's central bank is expected to step up the pace of interest rate increases after the government's weekend announcement of a substantial fuel price hike. ANTARA FOTO/Adiwinata Solihin/wsj.

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - JAKARTA. Indonesia's central bank is expected to step up the pace of interest rate increases after the government's weekend announcement of a substantial fuel price hike. Economists say.

Bank Indonesia (BI) raised borrowing costs by 25 basis points last month having held the benchmark rate at a record low of 3,50% until then, as a high subsidy budget had kept a lid on the inflation rate even when global policymakers have been hiking rates at a furious pace over the past several months.

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