Indonesia holds the key interest unchanged

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Source: Bloomberg
© Scanpix/FP
The Indonesia's Central Bank held the key interest rate unchanged at a record low 5.75%, according to the central bank announcement in Jakarta today. The benchmark rate was unchanged for a 10th consecutive meeting, as a domestic currency was close to a three year low, reducing possibility for monetary easing. The Rupiah, Indonesian currency, lost 6.5% versus the Dollar in the last year, as a current account's deficit widened.
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