Indonesia's central bank is expected to raise interest rates on Thursday in its latest attempt to defend the plunging rupiah, which has slid some 12 percent so far this year amid a global emerging markets rout.
Interest rates, the slowing economy and inflation are all likely to be on the agenda at the meeting, which was announced late on Tuesday.
Bank Indonesia held rates steady at a board meeting on Aug. 15, and its next monthly meeting had not been scheduled until Sept. 12. But declines in the rupiah and local stocks had begun to accelerate over the last week.
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Economists said emergency fiscal and monetary measures announced last week have done little to end concern over Indonesia's economic outlook in the face of an expected move by the U.S. Federal Reserve to start paring back stimulus that has triggered a prolonged wave of cheap funds into emerging markets.
"Tomorrow, we will seek to review our economy, inflation, exports-imports, banking and financial markets," Deputy Bank Indonesia Governor Perry Warjiyo told reporters on Wednesday.
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"We will also review all instruments that we have, whether interest rates, the exchange rate and deepening the forex market."