Bank Indonesia expected to hold rate until fuel prices raised


JAKARTA: Indonesia's central bank is expected to hold its benchmark interest rate unchanged on Tuesday, its last policy meeting before Joko Widodo becomes president and one taking place after political setbacks for him generated some investor jitters.

Inflation is currently manageable and the trade deficit is less of a worry than before, but there's no room to reduce the policy rate to help boost growth, which in the second quarter was the lowest in nearly five years.

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