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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
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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.