India, May 20 -- Bank Indonesia raised its benchmark interest rates by a larger-than-expected half percentage points on Wednesday, as it struggles to stabilize the rupiah exchange rate amid geopolitical tensions. The board of governors, governed by Perry Warjiyo, decided to hike the BI rate by 50 basis points to 5.25 percent. This was the first rate hike since April 2024. Markets anticipated only a quarter-point i...
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....