Indonesia bulls cheer better-late-than-never rate hike; first interest rate hike in four years

JAKARTA, Aug 26 (Reuters): Indonesia's first interest rate hike in four years made its central bank one of the last to abandon pandemic-era monetary settings, but it's also given investors cause to stay bullish on one of the world's more resilient emerging markets.

Bank Indonesia raised its benchmark rate on this week as it flagged faster inflationary pressures, surprising most analysts less than a week after Governor Perry Warjiyo said there was no need to tighten.