Regulatory policy

Indonesian central bank keeps key rates unchanged, as expected By Reuters

© Reuters. FILE PHOTO: The logo of Indonesia’s central bank, Bank Indonesia, is seen on a window of the bank’s lobby in Jakarta, Indonesia September 22, 2016. REUTERS/Iqro Rinaldi

JAKARTA (Reuters) – Indonesia’s central bank kept key policy rates unchanged at record highs on Thursday, as expected, stressing that it aims to maintain currency and financial market stability while supporting an economic recovery from the pandemic of COVID-19.

Bank Indonesia (BI) maintained its benchmark 7-day reverse repurchase rate at 3.50%, as widely expected in a Reuters poll. The rate has been unchanged since February.

BI also kept its overnight deposit facility and lending facility rates at 2.75% and 4.25%, respectively.

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