Indonesia Central Bank Holds Policy Rates to Keep Rupiah Stable

MACROECONOMICS - JAKARTA. Indonesia's central bank held policy rates steady for a third consecutive review on Wednesday, as expected, aiming to maintain rupiah exchange rate stability amid global uncertainty over trade tensions.

Bank Indonesia kept the benchmark 7-day reverse repurchase rate , known as BI Rate, unchanged at 5.75%, as expected by all but two of 26 economists polled by Reuters. It also kept its two other policy rates steady.

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