Economics
Bank Indonesia Holds Rate as It Focuses on Debt Purchases
- Policy rate kept at 4% as seen by most analysts in survey
- Central bank buys government bonds, eases bank liquidity rules
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Indonesia’s central bank kept its policy rate unchanged as it uses other measures, like government bond purchases, to help shore up the economy.
Bank Indonesia kept its seven-day reverse repurchase rate at 4% on Tuesday, as predicted by 23 of 25 economists in a Bloomberg survey. Two had expected a 25 basis-point reduction.