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Indonesia's central bank holds rates, prepares for new benchmark

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On Thursday, BI kept the 12-month benchmark rate at 6.75 per cent, and left the seven-day reverse repo at 5.50 per cent.

Jakarta

INDONESIA'S central bank on Thursday held rates for the first time this year, as expected, and some analysts see no further easing until it switches to a new benchmark rate in August.

Bank Indonesia (BI), which has been frustrated that banks have not lowered loan rates in