Bank Indonesia holds benchmark rate at 5.75% as rupiah stabilizes

Bank Indonesia kept its seven-day reverse repo rate (the central bank’s benchmark interest rate) unchanged at 5.75% on Wednesday, in line with expectations. The decision came as the rupiah stabilizes and policymakers assess the effects of consecutive interest-rate increases in May and June.

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Bank Indonesia holds benchmark rate at 5.75% as rupiah stabilizes - CoinPost Terminal