Bank Indonesia Lifts BI-Rate 25 Basis Points to 5.75% for Third Time
Updated
Updated · Bloomberg · Jun 18
Bank Indonesia Lifts BI-Rate 25 Basis Points to 5.75% for Third Time
3 articles · Updated · Bloomberg · Jun 18
Summary
Bank Indonesia raised its benchmark rate by 25 basis points to 5.75% on Thursday, delivering a third increase in about a month.
The move extends an aggressive tightening push aimed at stabilizing the rupiah and reinforcing investor confidence.
Most analysts surveyed by Bloomberg had expected the quarter-point increase, signaling broad market anticipation of further policy support for the currency.
The decision follows a wider regional tilt toward tighter policy, with the Philippines also raising rates Thursday amid inflation and currency risks.