Indonesia Keeps Door Open for More Rate Hikes to Aid Rupiah
- Policy rate raised by quarter-point to 6%, highest since 2019
- Central bank will watch global uncertainty to decide next move
The Bank Indonesia headquarters in Jakarta.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Indonesia’s central bank will assess the state of global uncertainty in coming months to decide if further interest-rate hikes are needed to bolster the rupiah.
“The global dynamic is very fast. We need to review again from month to month. Our goal is the same: Price stability, financial system stability and payment system stability to support our economic growth,” Governor Perry Warjiyo said in an investor call on Thursday, when asked whether he saw the need for more tightening in the future.