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Bank Indonesia Holds Key Rate; Raises Deposit Facility Rate

Bank Indonesia kept its benchmark rate at 5.75% but raised the deposit facility rate by 25 basis points on Wednesday amid financial market uncertainty. The board of governors, led by Destry Damayanti, made the decision. The central bank has raised rates by a total of 100 basis points since May to stabilize the rupiah amid escalating Middle East tensions.

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Original headline: Bank Indonesia Holds Key Rate ; Raises Deposit Facility Rate

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