Bank Indonesia Holds Rate Steady

Indonesia's central bank left its benchmark rate unchanged on Thursday after an unexpected quarter-point hike in October to curb the fall in the rupiah currency. The Board of Governors of Bank Indonesia, led by Governor Perry Warjiyo, decided to hold the seven-day reverse repo rate at 6.00 percent. The central bank has raised the key rate by 250 basis points in the current tightening cycle that

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