Tag: rupiah
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Investors respond positively to Bank Indonesia’s surprise rate hike, with inflows up, official says
JAKARTA, June 12 : Indonesia’s central bank spokesperson said on Friday that foreign investors have responded positively to its rare off-cycle interest rate hike and an increase in bond yields, as reflected by a rise in foreign capital inflows this week.Bank Indonesia (BI) raised interest rate by 25 basis poi
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Indonesia raises rates in surprise move to support sinking rupiah
JAKARTA, June 9 : Indonesia’s central bank raised interest rates by 25 basis points on Tuesday in an unexpected off-cycle rate hike, taking the benchmark rate to 5.50 per cent as it moves to stabilise the rupiah.Bank Indonesia (BI) said in a statement posted on its website that the off-cycle rate hike was ne
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Indonesia central bank, finance minister agree to boost asset yields to aid rupiah
JAKARTA, June 6 : Indonesia’s central bank chief and finance minister on Saturday agreed to increase yields on Indonesian assets to attract portfolio inflows and support the rupiah, after the currency hit record lows in the past few weeks.Bank Indonesia and the finance ministry “will increase the attractivene
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