Indonesia's central bank unexpectedly raised its policy rate at its August meeting to curtail soaring inflation and strengthen the rupiah exchange rate. The Board of Governors decided to raise the seven-day reverse repo rate by 25 bps to 3.75 percent, the Bank Indonesia said. This was the first rate hike since 2018. The previous change in the BI rate was a quarter-point reduction in February 2020....
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.