Indonesia central bank holds interest rates steady, as expected

The entrance of Bank Indonesia headquarters in Jakarta. — Bloomberg

JAKARTA: Indonesia's central bank held its benchmark interest rate steady on Wednesday, as expected, saying the current level remained consistent with anchoring inflation through 2025 and keeping the rupiah stable.

The seven-day reverse repurchase rate, known as the Bank Indonesia (BI) Rate, was maintained at 6.25%, where it has been since April. The decision was expected by all 35 economists polled by Reuters.

BI also kept unchanged the overnight deposit facility and lending facility rates at 5.50% and 7%, respectively. - Reuters