Indonesia's central bank raised interest rates for a third policy session in a row, as expected, to rein in the rising inflation and to strengthen the weakening rupiah exchange rate, which was caused by increased capital outflows.
The Board of Governors decided to raise the seven-day reverse repo rate, or BI rate, by 50 bps to 4.75 percent, the Bank Indonesia said on Thursday.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.