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Bank Indonesia holds key rates before Jokowi's fuel-price move

Published Thu, Nov 13, 2014 · 09:50 PM

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Jakarta

INDONESIA'S central bank has kept benchmark borrowing costs unchanged in its first meeting since President Joko Widodo took office, refraining from tightening policy before the government raises fuel prices.

Bank Indonesia governor Agus Martowardojo and his board left the reference rate at 7.5 per cent, the central bank said in Jakarta on Thursday, staying on hold for a 12th straight month following 1.75 percentage points of increases in 2013.

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