Bank Indonesia signals no further rate increases

Bank Indonesia kept the benchmark seven-day reverse repurchase rate at 6.25%. — Reuters

JAKARTA: Indonesia’s central bank held interest rates unchanged yesterday, as expected, with governor Perry Warjiyo reiterating that the current benchmark level is likely enough to keep inflation in check and the rupiah currency stable.

Bank Indonesia (BI) kept the benchmark seven-day reverse repurchase rate at 6.25%, as predicted unanimously by 33 economists in a Reuters poll. It also left two other main policy rates unchanged.