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Bangkok Post
Bangkok Post
Business

THE TRUTH ABOUT: Bank indonesia hikes benchmark rates for first time since 2018 - Caught on Camera

FILE PHOTO: Bank Indonesia's logo is seen at Bank Indonesia headquarters in Jakarta, Indonesia, Sept 2, 2020. (Reuters)

JAKARTA: Indonesia's central bank raised its benchmark interest rate for the first time since 2018 on Tuesday, stepping up monetary tightening to fight rising inflation.

Bank Indonesia (BI) hiked the seven-day reverse repurchase rate by 25 basis points (bps) to 3.75%.

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