JAKARTA -- Indonesia's central bank raised its benchmark interest rate on Tuesday for the first time nearly in four years amid concerns over rising inflation due to the war in Ukraine and aggressive tightening by the U.S. Federal Reserve and neighboring central banks.
Economy
Indonesia raises policy rate to 3.75% as inflation speeds up
Central bank's first hike since 2018 follows tightening by U.S., ASEAN neighbors
The hike comes as the Indonesian economy has yet to fully recover from the effects of COVID-19. (Photo by Ken Kobayashi)
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