ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Turkey crisis pushes Indonesia to raise rates again

Fourth hike in five meetings prompted by carnage in emerging market assets

The Indonesian rupiah has fallen by more than 7% this year, sinking to its lowest against the dollar since 2015 on Monday.   © Reuters

JAKARTA -- Indonesia's central bank raised its key interest rate for the fourth time in five meetings, partly in response to the Turkish currency crisis that has rippled through global markets.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more