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Indonesia central bank gains credibility decades after crisis

It next decides on policy on Thursday; economists expect no change amid preparation for adoption of new benchmark

Bank Indonesia under Mr Martowardojo, 60, is adopting a new main monetary policy tool tied more closely to actual borrowing costs, with a roll-out in August.


WHEN inflation pressures began surging just as he took the helm of Indonesia's central bank, Agus Martowardojo didn't hesitate to plant his flag on the side of price stability.

The newly installed Bank Indonesia governor proceeded to raise interest rates five times in the