Indonesia's state deposit agency (LPS) lifted the maximum guaranteed rupiah bank deposit rate to 7.25 percent but held the maximum guaranteed dollar deposit rate at 2.75 percent, an official told Reuters on Wednesday.
The move to raise the rupiah rate from 7 percent came because of growing inflationary pressures, the official said, and follows the central bank hiking its benchmark interest rate by 25 basis points to 6.75 percent last week. Source: Reuters
The move to raise the rupiah rate from 7 percent came because of growing inflationary pressures, the official said, and follows the central bank hiking its benchmark interest rate by 25 basis points to 6.75 percent last week. Source: Reuters
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