Indonesian Central Bank Hikes Rates Again
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5 Articles
Indonesia central bank announces rate hike
The rupiah hit a record low of 18,209 per dollar this month before rebounding to around 17,800 after last week’s rate hike. (EPA Images pic) JAKARTA: Indonesia’s central bank on Thursday hiked interest rates for the third time in four weeks as the country looks to bolster its currency, which has taken a battering from surging energy costs caused by the Middle East war. It has been Asia’s worst-performing currency, according to financial outlet B…
The central bank also raised its overnight deposit rate by 25 basis points to 4.75% and its loan rate to 6.50%
Indonesian central bank hikes rates again
JAKARTA - Indonesia’s central bank raised its benchmark interest rates by 25 basis points on Thursday, just a week after a surprise off-cycle hike, as it seeks to attract fresh capital and halt selling in its battered rupiah and other assets.
Bank Indonesia raised the BI Rate by 25 bps to 5.75 percent in June 2026. |This policy aims to stabilize the rupiah and keep inflation on target. |BI continues to encourage economic growth through credit and digital payments.
The Bank Indonesia (BI) Board of Governors Meeting (RDG) on June 18-19, 2026, decided to raise the benchmark interest rate (BI Rate) by 25 basis points (bps) to 5.75 percent.
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