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Indonesia raises benchmark interest rate to 4.75 pct to control inflation

oktober 21, 2022by Reacties uitgeschakeld voor Indonesia raises benchmark interest rate to 4.75 pct to control inflation

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JAKARTA, Oct. 21 (Xinhua) — Indonesia’s central bank, Bank Indonesia, on Thursday raised its benchmark interest rate for the third consecutive month to curb deepening inflation and stabilize its currency exchange rate amid uncertainty in global financial markets.

The two-day meeting of the Board of Governors of Bank Indonesia from Wednesday to Thursday decided to raise the benchmark interest rate by 50 basis po

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