Economics
Indonesia Holds Rate as Inflation Limits Room to Spur Growth
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Indonesia kept interest rates unchanged for a 13th consecutive meeting as accelerating inflation reduced scope for the central bank to lower borrowing costs and support slowing economic growth.
Bank Indonesia Governor Darmin Nasution and his board held the reference rate at a record-low 5.75 percent, the central bank said in Jakarta today. The decision was predicted by all 21 economists surveyed by Bloomberg News.