Indonesia central bank keeps key rate unchanged

JAKARTA: Indonesia's central bank on Thursday held its benchmark interest rate where it has been since October, as expected.

Bank Indonesia (BI) left the 7-day reverse repurchase rate at 4.75 percent, as predicted by all 17 analysts in a Reuters poll.

The central bank also kept unchanged its two other rates which act as the floor and ceiling of the overnight interbank money market rate, the deposit facility and the lending facility, at 4.00 percent and 5.50 percent, respectively.

In 2016, BI trimmed its benchmark rate six times by a total of 150 basis points in a bid to boost lending and economic growth.