JAKARTA -- Indonesia's central bank on Thursday raised its benchmark interest rate for a sixth consecutive month as it tries to tame inflation, pushing the rate to its highest point since July 2019.

Bank Indonesia increased its seven-day reverse repurchase rate by 25 basis points, or a quarter percentage point, to 5.75, as expected by many analysts. According to a Reuters poll, 23 of 29 economists had forecast a 25 basis point-hike, while six expected no change.