Indonesia Holds Key Rate as Exodus of Foreign Funds Sinks Rupiah
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Bank Indonesia held its benchmark interest rate at its last meeting for the year to head off pressure on the rupiah amid persistent foreign capital outflows. The BI-Rate was kept at 4.75% on Wednesday as forecast by 22 of 35 economists in a Bloomberg survey. The rest expected a quarter-point rate cut.