Bank Indonesia Holds Rate at 5.75%, UOB Sees Hawkish Pause
Bank Indonesia kept its policy rate at 5.75%, a decision UOB Global Economics & Markets Research describes as a hawkish pause, allowing previous tightening to take effect.
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Bank Indonesia (BI) held its benchmark policy rate at 5.75% at its latest meeting, a move characterized by UOB Global Economics & Markets Research as a hawkish pause.
The central bank opted to keep rates unchanged, allowing previous tightening measures to continue filtering into the economy.
Source: FXStreet Forex News