Bank Indonesia Briefs Investors After Surprise Rate Hike
Governor Perry Warjiyo held calls with international investors to explain an off-cycle 25 basis point rate increase to 5.50 percent. The move aimed to stabilize the rupiah after the currency reached record lows against the dollar earlier this week.
Indonesia Senior Deputy Governor Destry Damayanti briefed global investors following a surprise 25 basis point interest rate hike to 5.50%. The rare off-cycle move on Tuesday, June 9, sought to stabilize the rupiah after the currency hit record lows. The intervention signals the central bank's aggressive stance against currency volatility to maintain capital inflows and investor confidence.
### Stabilizing the Rupiah Governor Perry Warjiyo held two separate calls to explain the policy shift to international markets. The first session took place late evening on Tuesday, June 9, with investors from Europe and the United States. A second briefing followed on Wednesday morning, June 10, for Asian and domestic market participants.
