Indonesia C.Bank Keeps Benchmark Interest Rate at 6.00%

December 21, 2023, 02.40 PM | Source: Reuters
Indonesia C.Bank Keeps Benchmark Interest Rate at 6.00%

ILUSTRASI. Perry Warjiyo, Governor of central bank Bank Indonesia


BANK INDONESIA / BI - JAKARTA. Indonesia's central bank stood pat on policy rates at its last meeting for the year on Thursday, as expected, saying the current levels were consistent with efforts to keep inflation within its target range.

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Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate at 6.00%, where it has been since October.

All economists polled by Reuters had expected BI to keep rates unchanged.

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Its overnight deposit facility and lending facility rates were also left unchanged at 5.25% and 6.75%, respectively.

 

 

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