Bank Indonesia Rate-Hike Bets Rise as MSCI Shock Tests Rupiah
Corroborated by 2 sources from 2 publishers
asiabusiness6h ago
TL;DR
Bank Indonesia faces mounting pressure to raise interest rates on Wednesday as economists revise their forecasts after global index provider MSCI warned it may downgrade the country's stock market from emerging-market status, setting off a selloff in stocks and the rupiah.