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Indonesian central bank raises interest rate by 25 basis points

com.cn » 2008 » October » 7th » Indonesian central bank raises interest rate by 25 basis points

Indonesian central bank for the sixth time this year increased its benchmark interest rate by 25 basis points to 9.50 percent on Tuesday, as an effort to contain high inflation, governor of the bank Boediono said. The annual inflation hike in September in the Southeast Asia biggest economy reached 12.14 percent, the fastest pace in three years, contributed by the rising demand for clothing … Continue Reading »

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