Central bank planning to raise reference rate.

By bne IntelliNews August 25, 2010
Bank Indonesia is planning to raise its reference rate to boost foreign investment and the government is adopting measures to control inflation. As reported by Asia Pulse, Chief Economist of Bank Mandiri, Mirza Adityaswara, stated that the central bank is likely to raise its reference rate by 50 basis points (bps) as of September, but that is also considered as relatively low.

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