JAKARTA -- Indonesia's central bank on Wednesday left unchanged its seven-day reverse repo rate at 6%, as the country's currency, the rupiah, weakens.

Nikkei

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Indonesia holds policy rate at 6% amid rupiah weakness

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Chairman of Commission XI of the Indonesian House of Representatives, Mukhamad Misbakhun, said that the weakening of the Rupiah was purely due to technical problems in the market as a response to economic policies in the United States and the victory factor of Donald Trump.

Ketua Komisi XI DPR RI, Mukhamad Misbakhun mengatakan, pelemahan Rupiah murni karena masalah teknikal di pasar sebagai respon atas kebijakan ekonomi di Amerika Serikat dan faktor kemenangan Donald Trump.

Misbakhun DPR Sebut Pelemahan Rupiah Bukan Karena Penggeledahan BI Oleh KPK

liputan6.com

Misbakhun DPR Says Rupiah Weakening Not Due to BI Raid by KPK

JAKARTA -- Indonesia's central bank on Wednesday left unchanged its seven-day reverse repo rate at 6%, as the country's currency, the rupiah, weakens.
Over half --17 of 31 -- the economists in a Reuters poll had predicted Bank Indonesia would keep the benchmark rate at 6%. Fourteen predicted a…

BizToc

The decision reverses the dovish signals previously conveyed in earlier meetings

Business Times

Bank Indonesia keeps key rate unchanged at 6%, treading cautiously in its rate-cutting cycle

Bank Indonesia has released new findings as part of its three-phase plan to develop a central bank digital currency (CBDC) for the digital rupiah. The central bank’s latest work highlights a technical proof of concept (PoC) for wholesale CBDC (wCBDC), evaluating two blockchain technologies: R3’s Corda and the Ethereum-based Hyperledger Besu. While no definitive choice has been made, further exploration is planned. The digital rupiah initiative a…

Indonesia holds policy rate at 6% amid rupiah weakness

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