Economics
Indonesia Keeps Key Rate Unchanged as Rupiah Slumps on Fed
- Decision was forecast by all but one of 21 economists surveyed
- Currency among worst hit in Asia after Fed signaled more hikes
How the Fed's Rate Hike Impacts the Rest of the World
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Indonesia’s central bank kept its benchmark interest rate unchanged for a second month as more policy tightening in the U.S. added to the risk of capital outflows from emerging markets.
Governor Agus Martowardojo and his board held the seven-day reverse repurchase rate at 4.75 percent, in line with the forecasts of all but one of 21 economists surveyed by Bloomberg.