Bank Indonesia keeps rates unchanged to underpin recovery


The entrance to the Bank Indonesia headquarters in Jakarta. ― Bloomberg

JAKARTA: Indonesia's central bank kept its main policy rates unchanged on Tuesday, trying to balance providing support for a recovery in Southeast Asia's biggest economy with efforts to anchor inflation and maintain a stable rupiah currency.

Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate at a record low of 3.50%, as expected by 25 of 27 economists polled by Reuters.

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Bank Indonesia , policy rates , rupiah

   

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