Sunday, September 8, 2024
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Bank Indonesia to hold rates in July, calls for a hike grow louder

CNA – Bank Indonesia (BI) is likely to hold rates at a record low tomorrow, but one in three economists polled expected a 25 basis-point hike to shore up the rupiah currency and guard against capital outflows stemming from aggressive United States (US) rate hikes. Faced with relatively low inflation, BI will wait at least
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