Bank Indonesia raises BI Rate to 5.5% in emergency step
The 25-basis-point off-cycle move is the first in eight years as reserves also come under pressure from market intervention.
Bloomberg +1
Series
Indonesian Rupiah · Exchange Rate Slide
BRI keeps MSME lending steady after BI-Rate rises 25 bps to 5.5%
The rupiah strengthened to Rp18.058 per dollar and the IHSG jumped 7.57% after the benchmark rate increase.
Republika, Antara News
Indonesia lifts rates to 5.5% in surprise move to shore up rupiah
What's new: The rupiah had fallen 8% this year and hit a record 18,190 per US dollar before the off-cycle hike.
Antara News, Republika +5
Rupiah closes at Rp18.049 per dollar as RI stocks fall nearly 4%
DPR passed a revision expanding Bank Indonesia's mandate and oversight, stoking market concerns over central bank independence.
Antara News, Channel News Asia +3
Rupiah opens weaker at Rp17.995 per dollar, near 18,000
Rising energy import costs, dividend payments and foreign debt obligations are adding to domestic demand for dollars.