Indonesia May Hold Rate Steady at First 2011 Meeting
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Indonesia’s central bank may keep interest rates at a record low at its first meeting of 2011, delaying an increase even after inflation accelerated to a 20-month high.
The reference rate will stay at the 6.5 percent level set in August 2009 this month, according to 13 of 15 economists surveyed by Bloomberg News. Two expect a quarter-point increase. Bank Indonesia will give its decision in Jakarta tomorrow.