Indonesia's central bank holds benchmark rate at 5.75%, says each 25bps hike would shave 0.1% off the economy

Bank Indonesia kept its benchmark interest rate at 5.75%, opting not to follow the US Federal Reserve. Governor Perry Warjiyo said each 25 basis point rate increase would erode Indonesia's economy by 0.1%, explaining the decision to hold.

Detected & updated continuously · Source: Nebula