Indonesia: Jakarta maintains rates

• Feb 17, 2023

JAKARTA: Indonesia’s central bank held its key interest rate unchanged yesterday, emphasising that the current level should be sufficient to guide inflation back to within its target range later this year.

Bank Indonesia kept the benchmark seven-day reverse repurchase at 5.75%, as expected by the majority of economists in a Reuters poll.

Its two other main policy rates, the deposit facility and lending facility, were also left steady at 5% and 6.5%, respectively. — Reuters