Indonesia keeps rates unchanged

Bank Indonesia
Christopher Jeffery

The Indonesian central bank decided to keep rates unchanged at 6% on January 17, and reasserted that it will continue to defend its currency against recent downward pressure.

The decision, which was widely expected, is “consistent with ongoing efforts to reduce the current account deficit to a manageable threshold and maintain the attractiveness of domestic financial assets”, Bank Indonesia said in a statement.

The central bank projects strong economic growth for 2019, with private consumption

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