Central Banks
Indonesia Vows to Support Rupiah, Economy After Holding Rate
- Central bank to help stabilize rupiah amid focus on economy
- Benchmark interest rate kept unchanged at 5.75% yet again
This article is for subscribers only.
Indonesia’s central bank kept its benchmark interest rate unchanged for a fourth straight meeting, while saying it will focus on its primary objective of stabilizing the rupiah to keep imported inflation at bay.
Bank Indonesia will continue steps like the Operation Twist, where it sells shorter debt to boost yields and attract foreign flows to anchor the rupiah, Governor Perry Warjiyo said Thursday, after the central bank kept the seven-day reverse repurchase rate steady at 5.75% as widely expected.