FX.co ★ Indonesia Raises Interest Rates to 6.25% in Latest Decision

In a recent update on April 24, 2024, Indonesia has decided to increase its interest rates from the previous 6% to 6.25%. This move indicates a tightening of the monetary policy by the country's central bank in an effort to manage inflation and stabilize the economy. The decision comes at a crucial time as Indonesia navigates through economic challenges and aims to support sustainable growth. Market analysts will be closely monitoring the impact of this interest rate hike on various sectors and the overall financial landscape of the country. Stay tuned for further developments as Indonesia continues to make strategic monetary policy decisions.