Indonesia Raises Key Interest Rate

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Indonesia Raises Key Interest Rate

Indonesia Raises Key Interest Rate
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Indonesia Raises Key Interest Rate

by Wochit 0:26 mins

The Indonesian central bank became the latest to raise interest rates in a desperate attempt to shore up a currency that has been badly hit by the recent sell-off shaking emerging markets around the world. Raising the benchmark rate by half a percentage point to 7 percent highlighted the increasing pressure that many of the world?s largest developing economies have been facing.

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