Indonesia holds policy rate at 6% amid rupiah weakness

Economists split on whether central bank would stand pat or ease ahead of meeting

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Bank Indonesia, the country's central bank, holds monetary policy meetings every month. In September, it cut rates 25 basis points to 6%.  © Reuters

NANA SHIBATA and REZHA HADYAN, Nikkei staff writers

JAKARTA -- Indonesia's central bank on Wednesday left unchanged its seven-day reverse repo rate at 6%, as the country's currency, the rupiah, weakens.

Over half -- 17 of 31 -- the economists in a Reuters poll had predicted Bank Indonesia would keep the benchmark rate at 6%. Fourteen predicted a quarter-point cut.

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