Indonesia’s central bank kept interest rates on hold for a fourth straight meeting, declining to join some of its peers in Asia who have kicked off their easing cycles ahead of the Federal Reserve, the Wall Street Journal reported. Bank Indonesia kept its benchmark seven-day reverse repo rate at 6.25% on Wednesday, as widely anticipated. All seven economists polled by The Wall Street Journal had expected the Indonesian bank to maintain policy settings untouched, though some analysts saw a slim chance of a cut as inflation cools and the rupiah steadies.
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