#USDIDR @ 15,015.0 : Rupiah bounces-off two-year lows on Bank Indonesia’s surprise 50 bps hike
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At its September monetary policy meeting on Thursday, Indonesia’s central bank, Bank Indonesia (BI), hiked its 7-day reverse repo rate by an unexpected 50 bps from 3.75% to 4.25%.
The central bank Governor Warjiyo noted that the rupiah depreciation is relatively better than peers.
more to come …
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