Indonesia’s central bank hiked its key interest rate on Thursday as Southeast Asia’s biggest economy seeks to halt a further slide in the rupiah. Emerging market currencies are likely to feel more pressure amid the move higher in U.S. bond yields, a top Deutsche Bank economist said on Wednesday. The Indonesian rupiah, Philippine peso and Indian rupee have been among the weakest currencies in Asia for the past five or six months. Meanwhile, Reny Eka Putri, a currency market analyst for Bank Mandiri, Indonesia’s largest bank by assets, said that the current rupiah exchange rate is not its new equilibrium and expressed her optimism that the currency is likely to strengthen in the second half of 2018.