18 Hrs
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المشهد العربي
Indonesian Central Bank Holds Rates Steady
The Indonesian Central Bank has kept interest rates unchanged at 5.75% during its first meeting following the resignation of the previous governor. This decision reflects a strategy to maintain currency stability and bolster investor confidence. The move comes amid expectations that the rupiah will continue to rise, supported by monetary policy tools and expanded economic incentives, after a 100 basis point increase in interest rates earlier this year to ensure financial market stability.
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