Indonesia central bank keeps rates steady, focuses on stabilising the rupiah

Indonesia's Central Bank Governor Perry Warjiyo. - Reuters

JAKARTA: Indonesia's central bank on Wednesday held interest rates steady, as expected, preferring to focus on stabilizing the rupiah before possibly easing rates later this year.

Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate at 6.25%, where it has been since April, as expected by all 30 economists polled by Reuters.