JAKARTA -- Indonesia's central bank has raised its interest rate for the second time this month as the new governor Perry Warjiyo takes a more pre-emptive approach to the country's falling currency.
Bank Indonesia on Wednesday decided in an extraordinary policy meeting to hike its bench mark seven-day repo rate by 25 basis points to 4.75%, a mere two weeks after the central bank decided in a regular meeting to raise its interest rate for the first time in three and a half years, by 25 basis points to 4.50%.
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