Business and banking sectors demand central bank, Bank Indonesia (BI), to maintain the benchmark BI Rate at current level of 7.5% as another hike would hurt bond market, property, financial, manufacture sectors—the backbone of domestic economic growth. BI Rate is potentially raised again to 8% this month as the current account deficit is remain high. The mineral ore ban policy is expected to cut mineral ore export by US$5 billion, more pressure for current account deficit and rupiah.
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