KONTAN.CO.ID - JAKARTA. Indonesia's central bank kept its main policy rate at a record low on Tuesday as policymakers balanced the need to support the coronavirus-hit economy with concerns that further monetary easing could weigh on an already falling currency. Bank Indonesia (BI) left the benchmark 7-day reverse repurchase rate at 3.50%, where it has been since February. The move was forecast by all 27 analysts in a Reuters poll as the central bank has flagged the need to maintain rupiah stability. BI also kept the overnight deposit facility and lending facility rates unchanged at 2.75% and 4.25%, respectively.
Indonesia's central bank keeps interest rates steady
KONTAN.CO.ID - JAKARTA. Indonesia's central bank kept its main policy rate at a record low on Tuesday as policymakers balanced the need to support the coronavirus-hit economy with concerns that further monetary easing could weigh on an already falling currency. Bank Indonesia (BI) left the benchmark 7-day reverse repurchase rate at 3.50%, where it has been since February. The move was forecast by all 27 analysts in a Reuters poll as the central bank has flagged the need to maintain rupiah stability. BI also kept the overnight deposit facility and lending facility rates unchanged at 2.75% and 4.25%, respectively.