Indonesia surprises by hiking interest rates to seven-year high

  • 📰 malaymail
  • ⏱ Reading Time:
  • 21 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

Indonesia News

Interest Rate Hike,Bank Indonesia

JAKARTA, April 24 — Indonesia’s central bank hiked interest rates today to their highest for seven years, an unexpected move to boost the rupiah, which continues to weaken...

Amnesty International says Anwar administration failed to keep his promise of reforms; global report shows Malaysia lacking in seven areas

Economists had predicted Bank Indonesia to hold the seven-day reverse repurchase rate at six per cent but it instead raised it 25 basis points to 6.25 per cent, a level not seen since 2016.“The interest rate increase is to strengthen the rupiah’s exchange rate stability against the possibility of worsening global risks,” Bank Indonesia governor Perry Warjiyo told a news conference Wednesday.

Source: Loan Digest (

Interest Rate Hike Bank Indonesia


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesia to Celebrate Eid al-Fitr on April 10Indonesia is expected to celebrate Eid al-Fitr simultaneously with Islamic organizations in the country on Wednesday, April 10. The Deputy Minister of Religious Affairs, Saiful Rahmat Dasuki, stated that the government predicts the first day of the month of Shawwal to fall on that day. The Islamic organization Nahdlatul Ulama also confirmed the date of 1 Shawwal after considering the results of the government's isbat session and expressed a similar date on April 10. The Muhammadiyah Islamic organization has already declared the celebration of Eid al-Fitr on the same date through a statement made in January.
Source: UMonline - 🏆 27. / 51 Read more »

Jakarta to remain economic hub as Indonesia prepares to move capital cityJAKARTA, March 28 — Indonesia’s parliament on Thursday designated special status for Jakarta, keeping the metropolis as the country’s economic epicentre, amid plans to move...
Source: malaymail - 🏆 1. / 86 Read more »

With wary eye, China courts Indonesia’s incoming leader PrabowoJAKARTA, April 3 –– Soon after Indonesia’s incoming leader Prabowo Subianto won the February presidential election, the Chinese embassy in Jakarta sent him a cat tree and a...
Source: malaymail - 🏆 1. / 86 Read more »

Indonesia accelerates development of semiconductor industry to support Emas Vision 2045, says deputy ministerJAKARTA, April 1 — Indonesia is intensifying its efforts to develop its semiconductor industry as one of the main drivers of the economy, in line with the Indonesia Emas...
Source: malaymail - 🏆 1. / 86 Read more »

Health Ministry sees 97.1pc drop in Malaysia’s new Covid-19 cases ahead of AidilfitriKUALA LUMPUR, April 9 — The number of Covid-19 cases have dropped sharply in the Epidemiological Week (ME14/2024) from March 31 to April April 6, the Health Ministry announced...
Source: malaymail - 🏆 1. / 86 Read more »

Indonesia’s annual exodus starts ahead of Aidilfitri festivitiesJAKARTA, April 9 — Aditya Nugraha, a 21-year-old Indonesian, was travelling from the capital city of Jakarta to his hometown of Palembang on Sumatra island, over 500 km (310...
Source: malaymail - 🏆 1. / 86 Read more »