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Bank Indonesia holds rates at 5.75% while cutting reserve requirements

Leading the central bank's currency-defense policy

Bank Indonesia held its benchmark rate at 5.75% on Wednesday while raising a separate rate and loosening bank reserve rules. The mixed move aims to steady the rupiah and stock market without stalling the economy's momentum.

Updated 2 hours ago

Notable Quotes

We remain vigilant regarding developments in our capital market, and we are, of course, monitoring the capital outflows that are taking place.

from Bank Indonesia holds rates at 5.75% while cutting reserve requirements · Updated 2 hours ago

This situation is influenced by intensifying conflict in the Middle East, which has kept the prices of oil and various global commodities high.

from Bank Indonesia holds rates at 5.75% while cutting reserve requirements · Updated 2 hours ago