KONTAN.CO.ID - JAKARTA. Indonesia's central bank left interest rates unchanged for an eighth straight month on Thursday, as inflation has remained within its target range while it continues to stabilise the rupiah. Bank Indonesia (BI) held the seven-day reverse repurchase rate IDCBRR=ECI steady at 5.75%, where it has been since January, as widely expected by 31 economists surveyed by Reuters. Its two other main rates were also kept unchanged. The decision to hold rates was consistent with BI's stance to ensure inflation stays within the target range in 2023 and 2024, BI Governor Perry Warjiyo told a press conference.
Indonesia Central Bank Holds Rates as Inflation Within Target
KONTAN.CO.ID - JAKARTA. Indonesia's central bank left interest rates unchanged for an eighth straight month on Thursday, as inflation has remained within its target range while it continues to stabilise the rupiah. Bank Indonesia (BI) held the seven-day reverse repurchase rate IDCBRR=ECI steady at 5.75%, where it has been since January, as widely expected by 31 economists surveyed by Reuters. Its two other main rates were also kept unchanged. The decision to hold rates was consistent with BI's stance to ensure inflation stays within the target range in 2023 and 2024, BI Governor Perry Warjiyo told a press conference.