JAKARTA: Bank Indonesia held its key interest rates unchanged for a second straight policy review on Wednesday, as expected, opting to continue with efforts to reinforce the impact of past rate cuts as the rupiah comes under renewed pressure.
Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate at 4.75%, as predicted by a majority of economists polled by Reuters.
The overnight deposit facility and lending facility rates were left steady at 3.75% and 5.50%.
BI has slashed the main rates by a total of 150 bps since September 2024, aiming to stimulate growth in Southeast Asia's biggest economy. - Reuters
