Bank Indonesia keeps rates unchanged at record low

• Jul 21, 2022

JAKARTA: Indonesia’s central bank kept its benchmark interest rate unchanged at a record low on Thursday, as expected, saying the level remained consistent with its inflation target and supporting economic growth.

Bank Indonesia (BI) left the benchmark seven-day reverse repurchase rate at 3.50%, where it has been since February 2021, as forecast by most analysts in a Reuters poll.

It also left unchanged the overnight deposit and lending facility rates at 2.75% and 4.25%, respectively. – Reuters