Bank Indonesia Signals No Further Rate Hikes After Holding Steady

MACROECONOMICS - JAKARTA. Indonesia's central bank held interest rates unchanged on Wednesday, as expected, with Governor Perry Warjiyo reiterating that the current benchmark level is likely enough to keep inflation in check and the rupiah currency stable.

Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate at 6.25%, as predicted unanimously by 33 economists in a Reuters poll. It also left two other main policy rates unchanged.