KONTAN.CO.ID - JAKARTA. Indonesia's central bank kept interest rates unchanged on Thursday, as expected, despite renewed volatility in the rupiah exchange rate, saying the current level is enough to control inflation. Bank Indonesia (BI) left the benchmark 7-day reverse repurchase rate unchanged at 6.00%, as expected by a strong majority of economists polled by Reuters, following October's surprise rate hike. Its two other policy rates were also kept steady. BI Governor Perry Warjiyo said the decision was consistent with maintaining the rupiah's stability and mitigating against imported inflation.
Indonesia C.Bank Keeps Rates Steady, as Expected
KONTAN.CO.ID - JAKARTA. Indonesia's central bank kept interest rates unchanged on Thursday, as expected, despite renewed volatility in the rupiah exchange rate, saying the current level is enough to control inflation. Bank Indonesia (BI) left the benchmark 7-day reverse repurchase rate unchanged at 6.00%, as expected by a strong majority of economists polled by Reuters, following October's surprise rate hike. Its two other policy rates were also kept steady. BI Governor Perry Warjiyo said the decision was consistent with maintaining the rupiah's stability and mitigating against imported inflation.