KONTAN.CO.ID - JAKARTA. Indonesia's central bank kept key interest rates unchanged at a record low on Thursday, as expected, holding fire after providing a bout of monetary stimulus last year to support the coronavirus-hit economy. Bank Indonesia (BI) left the 7-day reverse repurchase rate at 3.75%, the lowest since the central bank began using it as its benchmark in 2016. A majority of analysts in a Reuters poll had expected rates to remain steady. BI also kept its overnight deposit facility and lending facility rates at 3.00% and 4.50%, respectively.
Indonesia central bank holds rates at first 2021 meeting
KONTAN.CO.ID - JAKARTA. Indonesia's central bank kept key interest rates unchanged at a record low on Thursday, as expected, holding fire after providing a bout of monetary stimulus last year to support the coronavirus-hit economy. Bank Indonesia (BI) left the 7-day reverse repurchase rate at 3.75%, the lowest since the central bank began using it as its benchmark in 2016. A majority of analysts in a Reuters poll had expected rates to remain steady. BI also kept its overnight deposit facility and lending facility rates at 3.00% and 4.50%, respectively.