Indonesia central bank keeps policy rate unchanged for a third month

January 23, 2020, 02.37 PM | Source: Reuters
Indonesia central bank keeps policy rate unchanged for a third month

ILUSTRASI. Pejalan kaki melintas di gedung kantor pusat Bank Indonesia (BI) Jakarta, (18/7).


MACROECONOMICS - JAKARTA. Indonesia's central bank kept its benchmark rate steady on Thursday, as expected, saying current policy was conducive to anchoring inflation, supporting economic growth and maintaining financial market stability.

The benchmark 7-day reverse repurchase rate was kept at 5.00%, where it has been since Bank Indonesia's (BI) last rate cut in October, as predicted by the majority of analysts in a Reuters poll.

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BI's two other main rates for deposit and lending facilities were also kept unchanged at 4.25% and 5.75%, respectively.

Editor: Herlina Kartika Dewi

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