Indonesia central bank holds rates as expected, pausing easing cycle


Indonesia's Central Bank Governor Perry Warjiyo arrives for a media briefing at Bank Indonesia headquarters in Jakarta, Indonesia. - Reuters

JAKARTA: Indonesia's central bank held interest rates steady on Wednesday, pausing its easing cycle as expected by analysts, saying policy settings remained consistent with efforts to keep inflation within target and support economic growth.

The benchmark 7-day reverse repurchase rate was kept at 5.75%, as expected by 26 out of 35 economists polled by Reuters. The remaining nine had predicted a cut.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Jinhua – a trading hub without borders
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Watts from water
AI disruption fears rock markets
Smart city can’t beat the traffic
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read