Indonesia c.bank keeps policy rates unchanged

Sought to support the economic recovery after a recent COVID-19 wave

  

JAKARTA - Indonesia's central bank held its benchmark rates unchanged at a record low on Tuesday as it sought to support the economic recovery after a recent COVID-19 wave, while seeking to keep the rupiah currency stable.

Bank Indonesia (BI) held the benchmark 7-day reverse repurchase rate IDCBRR=ECI steady at 3.50% for the eight month. All 29 analysts in a Reuters poll had expected rates to remain unchanged.

BI also kept its deposit facility IDCBID=ECI and lending facility IDCBIL=ECI rates unchanged at 2.75% and 4.25%, respectively.

(Reporting by Fransiska Nangoy and Bernadette Christina Munthe; Editing by Ana Nicolaci da Costa)


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