Indonesia holds rates, with analysts expecting December cut
Central bank says decision will maintain stability of rupiah and strengthen policy transmission
Indonesia’s central bank held rates at 4.75% on November 19 as expected, and said the move was designed to maintain the stability of the rupiah.
Bank Indonesia (BI) said in a statement that in addition to maintaining exchange rate stability, the decision would strengthen policy transmission and facilitate foreign investment inflows amid heightened global uncertainty. “Bank Indonesia will continue considering room for further [rate] reductions,” the statement said.
BI said any rate cuts would be
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