MNI EUROPEAN MARKETS ANALYSIS: Surprise BI Hike To Defend IDR

Jun-09 05:49By: Jonathan Cavenagh
Europe

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* Bank Indonesia surprised with a 25bp rate hike inter-meeting to defend the rupiah after USDIDR reached a record high Monday. It also increased the rate structure of SRBI notes to attract foreign inflows. * After yesterday's declines Asia's majo...