Bank Indonesia delivered an off-cycle 25 basis point hike to 5.50% as the rupiah hit a record low of 18,190 per dollar. Turkey held at 37%, India stayed on pause. The gap traces back to how much real-rate buffer each brought into the Iran shock.
Turkey's central bank holds its policy rate steady at 37 percent on June 11, aligning with expectations while citing persistent inflation risks and Iran-related uncertainty. Source
