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Indonesia Central Bank Hikes Rates in Off-Schedule Decision
Bank Indonesia increased interest rates Tuesday in an unscheduled decision as currency pressures mounted.
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Indonesia’s central bank raised interest rates Tuesday in a decision made outside its regular schedule. The move came as multiple pressures weighed on the rupiah. The bank acted on Tuesday after assessing conditions that had developed since its last planned meeting.
No further details on the size of the increase were provided in the reporting. @WSJ reported the off-schedule action followed a period in which the currency faced a combination of external and domestic factors.
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