-Bank Indonesia leaves rate steady.
Global Banking News - 10 May 2012
Bank Indonesia has kept its overnight benchmark rate unchanged at 5.75 percent.
The central bank has confirmed that it will strengthen open market operations to absorb excess liquidity and only raise the policy rate as a last resort. The consumer price index increased by 4.50 percent last month, compared with 3.97 percent in March, due to uncertainties over government measures to control energy subsidies.
Bank Indonesia kept its benchmark rate unchanged last month after cutting it by a total of 100 basis points between October and February amid a global slowdown.
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