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Indonesia Nov Trade Deficit Widens to $2.05 Billion

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12/17/2018 | 06:00am CET

By I Made Sentana and Deden Sudrajat

JAKARTA--Indonesia's trade deficit widened to $2.05 billion in November from $1.82 billion in October as imports remained robust, the official Central Statistics Agency said Monday.

The trade deficit keeps the rupiah fragile and indicates that the government's efforts to rein in imports haven't been successful, which may force Bank Indonesia to raise interest rates further, economists said.

The median forecast from a poll of 10 economists by The Wall Street Journal was for a $1.03 billion deficit.

The agency said November's exports fell 6.69% from a month earlier to $14.83 billion; they were down 3.28% compared with the same month a year ago.

Imports fell a slower 4.47% from October to $16.88 billion, but rose 11.68% from a year earlier.

-- Write to I Made Sentana at i-made.sentana@wsj.com

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