Indonesia Central Bank Leaves Interest Rates Unchanged

BANK INDONESIA / BI - JAKARTA. Indonesia's central bank held interest rates unchanged on Thursday and stuck by its message that previous hikes were sufficient to steer inflation back to within target later this year.

Bank Indonesia (BI) kept its benchmark 7-day reverse repurchase rate at 5.75%, where it has been since January, as predicted by all 30 economists polled by Reuters.

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BI's other main policy rates for overnight deposit and lending were also kept steady at 5.00% and 6.50%, respectively.