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Bank Indonesia Holds Rate as MSCI Shock Threatens Rupiah

Bank Indonesia has kept its benchmark interest rate unchanged even as MSCI's index decisions dealt a blow to Indonesian assets, putting fresh pressure on the rupiah. Investors are watching whether the central bank will need to intervene or reconsider policy as foreign outflows linked to the index changes weigh on the currency and local markets.

Why now: The MSCI index changes risk triggering foreign capital outflows that could weaken the rupiah, making the central bank's rate decision highly consequential for investors.

Bank Indonesia MSCI rupiah Indonesia

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Evidence

Bank Indonesia Holds Rate as MSCI Shock Threatens Rupiah · Bloomberg.com

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