Indonesia Central Bank Keeps Rates Steady, Focuses on Stabilizing the Rupiah

August 21, 2024, 03.53 PM
Indonesia Central Bank Keeps Rates Steady, Focuses on Stabilizing the Rupiah

ILUSTRASI. Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate at 6.25%, where it has been since April.

Source: ReutersEditor: Wahyu T.Rahmawati

BI RATE - JAKARTA. Indonesia's central bank on Wednesday held interest rates steady, as expected, preferring to focus on stabilizing the rupiah before possibly easing rates later this year.

Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate at 6.25%, where it has been since April, as expected by all 30 economists polled by Reuters.

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