All Things Newz

Indonesia keeps rates on hold, as expected


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JAKARTA — Indonesia’s central bank left interest rates at a record low on Thursday, balancing the need to support economic growth while maintaining stability in the rupiah currency.

Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate at 3.50%, as expected by the majority of economists in a Reuters poll.

It also left unchanged the overnight deposit and lending facility rates at 2.75% and 4.25%. (Reporting by Gayatri Suroyo, Stefanno Sulaiman and Bernadette Christina Munthe Editing by Ed Davies)


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