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Indonesian Rupiah Reverses Course After Unexpected Central Bank Rate Hike

Selasa, 23 Agustus 2022 | 15:37 WIB
Indonesian Rupiah Reverses Course After Unexpected Central Bank Rate Hike

ILUSTRASI. The Indonesian rupiah reversed course on Tuesday to appreciate after the central bank unexpectedly raised its benchmark interest rate.

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - The Indonesian rupiah reversed course on Tuesday to appreciate after the central bank unexpectedly raised its benchmark interest rate to support the currency and preempt a risk of rising inflation. While other Asian currencies retreated on recession fears.

Among other regional currencies, Thailand's baht depreciated 0,3%. While Philippines' peso rose 0,2%. 

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