Indonesian Central Bank Holds Rate At Record Low

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The Indonesian central bank decided to maintain the interest rate at a record low for the fourth straight month on Thursday. As expected, the Bank Indonesia left its key rate at 6.5%. The central bank stopped cutting rate in August after reducing it for nine straight months.

Consumer price annual inflation had slowed to 2.41% in November from 2.57% in October. That was the lowest rate since June 2000.

The Indonesian central bank decided to maintain the interest rate at a record low for the fourth straight month on Thursday. (Market News Provided by RTTNews)