KONTAN.CO.ID - JAKARTA. Indonesia's central bank kept interest rates unchanged at its first policy meeting of the year, noting the country's economic cycle had past its lowest point though it left the door open for further "accommodative" policies when conditions allow. Bank Indonesia (BI) held the benchmark 7-day reverse repurchase rate unchanged at 5.00%, as expected by most of the analysts polled by Reuters, viewing current policy as conducive to anchoring inflation, supporting economic growth and maintaining financial market stability. "The economic cycle in Indonesia has passed its lowest point and will continue to improve," Governor Perry Warjiyo said, adding that upward momentum would be supported by global growth and higher export demand, including for Indonesian commodities.
Indonesia c.bank holds rates, sees economic cycle past worst
KONTAN.CO.ID - JAKARTA. Indonesia's central bank kept interest rates unchanged at its first policy meeting of the year, noting the country's economic cycle had past its lowest point though it left the door open for further "accommodative" policies when conditions allow. Bank Indonesia (BI) held the benchmark 7-day reverse repurchase rate unchanged at 5.00%, as expected by most of the analysts polled by Reuters, viewing current policy as conducive to anchoring inflation, supporting economic growth and maintaining financial market stability. "The economic cycle in Indonesia has passed its lowest point and will continue to improve," Governor Perry Warjiyo said, adding that upward momentum would be supported by global growth and higher export demand, including for Indonesian commodities.