Reported 2 days ago
Indonesia's central bank decided to hold the benchmark interest rate at 5.75% to stabilize the rupiah, sidestepping concerns over economic growth and US tariff threats. Bank Indonesia emphasized the importance of currency stability, despite a backdrop of high global uncertainty, and announced new incentives for banks to increase lending to vital sectors. This decision reflects a balancing act between supporting economic growth and defending the rupiah, particularly as the currency faces downward pressure.
Source: YAHOO