South Korea and Indonesia hold rates

Bank Indonesia says it will issue securities in bid to bolster rupiah

Bank Indonesia
Bank Indonesia
Christopher Jeffery

The central banks of South Korea and Indonesia both kept their benchmark interest rates unchanged today (August 24).

The Indonesian central bank also announced that it would issue “Bank Indonesia Rupiah Securities” to attract foreign portfolio investment. The rupiah has weakened by around 3.5% against the US dollar since mid-April, as the US Federal Reserve continued to raise interest rates.

Bank Indonesia maintained its benchmark seven-day reverse repo rate at 5.75% today for the seventh

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