Indonesia central bank keeps rates steady, as expected

November 18, 2021, 02.41 PM
Indonesia central bank keeps rates steady, as expected

ILUSTRASI. Indonesia's central bank kept its main policy rates steady at a record low on Thursday.


Reporter: Wahyu Tri RahmawatiEditor: Wahyu T.Rahmawati

BI RATE - JAKARTA. Indonesia's central bank kept its main policy rates steady at a record low on Thursday, as expected, aiming to bolster the country's economic growth while trying to keep the rupiah currency stable.

Bank Indonesia (BI) left the benchmark 7-day reverse repurchase rate unchanged at 3.50%, where it has been since February, as expected by all economists surveyed by Reuters.

The bank also kept the deposit and lending facility rates at 2.75% and 4.25%, respectively. 

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