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Indonesia Holds Key Rate as Current-Account Deficit Persists

Indonesia kept its key interest rate unchanged for a ninth straight meeting, as a wider current-account deficit limits the scope for the central bank to ease borrowing costs to support a slowing economy.

Bank Indonesia Governor Agus Martowardojo and his board maintained the reference rate at 7.5 percent, the central bank said in Jakarta today, a decision predicted by all 28 economists surveyed by Bloomberg News.