Indonesia's central bank holds rates, prepares for new benchmark
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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 line with its moves, said that liquidity and consumption have started to improve in the wake of its easings.
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