Bank Indonesia Holds Benchmark Rate at 5.75%, Raises Deposit Rate
Bank Indonesia held its seven-day reverse repo rate at 5.75% and raised its deposit facility rate. The MSCI downgrade threat fueled capital outflows and pressured the rupiah.
By Ying Xian WongIndonesia's central bank held its benchmark interest rate steady but raised its deposit facility rate Wednesday, as the threat of an MSCI market downgrade fueled capital outflows and pressured the rupiah.Bank Indonesia kept its benchmark seven-day reverse repo rate at 5.75%, as sev…