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Economy

Turkey crisis pushes Indonesia to raise rates again

Fourth hike in five meetings prompted by carnage in emerging market assets

The Indonesian rupiah has fallen by more than 7% this year, sinking to its lowest against the dollar since 2015 on Monday.   © Reuters

JAKARTA -- Indonesia's central bank raised its key interest rate for the fourth time in five meetings, partly in response to the Turkish currency crisis that has rippled through global markets.

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