Asia-Pacific central banks tread water with rate holds

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The central banks of Malaysia and Indonesia today joined Australia and Japan in holding policy interest rates steady, reflecting a combination of healthy economic growth and on-target inflation in the Asia-Pacific region.

Bank Indonesia left its reference rate unchanged at 4%, in line with market expectations. A statement from the central bank said it considered the rate "consistent" with an "inflation target range of 4.5% ±1% in 2013 and 2014", and described the economy as showing "good perform

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