Indonesia central bank keeps key rate unchanged at 6.00%, as expected

20 Jun, 2019

Bank Indonesia (BI) left the 7-day reverse repurchase rate  at 6.00%, Governor Perry Warjiyo told a news briefing, meeting the expectations of 19 of 22 analysts polled by Reuters.

Bank Indonesia's two other main rates, the Deposit Facility  and Lending Facility, were also unmoved at 5.25% and 6.75%, respectively, Warjiyo said.

The decision came hours after the Federal Reserve kept U.S. interest rates on hold, while signalling a possible cut as early as next month.

Last year, between May and November, BI raised the benchmark six times by a total of 175 basis points to support the rupiah in the wake of U.S. rate hikes.

Copyright Reuters, 2019

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