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Bank Indonesia Unexpectedly Holds Rate Steady At 4.75%

Indonesia's central bank unexpectedly kept its key interest rate unchanged on Wednesday after three consecutive reductions as policymakers assess the impact of the previous easing.

The Bank Indonesia board, led by Governor Perry Warjiyo, decided to hold the BI rate at 4.75 percent. The bank was expected to cut the rate by 25 basis points.

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by Renju Jaya

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