Indonesia holds rates

Bank Indonesia's rate-setting board voted on Wednesday to leave rates at 8% in an attempt to bring inflation within the 4-6% range set for 2008.

Domestic inflation has shot up of late following the surges in oil and food prices and a weakening of the rupiah. CPI inflation rose by 1.8% in January alone, giving a year-on-year rate of 7.4%, way above the central bank's target.

"To achieve the inflation target, it will be necessary to maintain macroeconomic and financial system stability through

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