(Bloomberg) -- Indonesia's rupiah fell to the lowest
in three weeks on speculation the central bank will slow the pace
of interest-rate cuts after making a 12th reduction tomorrow.
Bank Indonesia Governor Burhanuddin Abdullah will reduce the
benchmark rate by a quarter point to 8.50 percent, nine of 12
economists surveyed by Bloomberg News said. The rupiah has gained
about 4 percent in the past three months, raising concern exports
will decline as they become more expensive to overseas buyers.
Read more at Bloomberg Currencies News
in three weeks on speculation the central bank will slow the pace
of interest-rate cuts after making a 12th reduction tomorrow.
Bank Indonesia Governor Burhanuddin Abdullah will reduce the
benchmark rate by a quarter point to 8.50 percent, nine of 12
economists surveyed by Bloomberg News said. The rupiah has gained
about 4 percent in the past three months, raising concern exports
will decline as they become more expensive to overseas buyers.
Read more at Bloomberg Currencies News
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