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View all search resultsIndonesia’s consumer price index (CPI) growth has been steadily within acceptable boundaries for almost a year, yet Bank Indonesia (BI) hiked its key interest rate twice during that time, and analysts believe the central bank will remain cautious despite inflation being under control.
In a widely expected decision, Bank Indonesia has held its benchmark interest rate at 6 percent after weighing macroeconomic conditions and prospects, including its projection of monetary policy by the United States Federal Reserve.
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