Central Banks
Indonesia Holds Key Rate Steady as It Flags Lingering Risks
- Policy rate maintained at 6%, as seen by most in survey
- Central bank to continue stabilizing rupiah amid uncertainty
Indonesia’s economic growth trajectory remains solid, Governor Perry Warjiyo said in his rate briefing.
Photographer: Betty Laura Zapata/BloombergThis article is for subscribers only.
Indonesia’s central bank kept the benchmark interest rate unchanged while signaling that it remains watchful of risks to the rupiah and the inflation outlook.
Bank Indonesia held its seven-day reverse repurchase rate at 6% on Thursday, as predicted by 25 of 31 economists surveyed by Bloomberg. The rest expected a quarter-point hike to 6.25%, after last month’s surprise tightening.