Bank Indonesia holds interest rate amid currency volatility

Governor Agus Martowardojo(pic) and his board held the seven-day reverse repurchase rate at 4.25% yesterday, as forecast by 24 economists surveyed by Bloomberg.

JAKARTA: Indonesia’s central bank left its benchmark interest rate unchanged as policy makers guard against currency volatility following a rout in global markets that put the rupiah under renewed pressure.

Governor Agus Martowardojo and his board held the seven-day reverse repurchase rate at 4.25% yesterday, as forecast by 24 economists surveyed by Bloomberg.