Indonesia holds policy rate again
Central bank stays put for the third straight meeting after inflation stayed within target
Indonesia’s central bank kept policy rate unchanged for the third straight meeting on January 17, as inflation remains within its target range.
Bank Indonesia’s six-member board of governors kept the benchmark seven-day reverse repurchase rate at 6%. It also left the deposit and lending rate unchanged at 5.25% and 6.75% respectively.
The central bank has paused interest rate hikes from October 2023, after raising its policy rates by a total of 250 basis points since August 2022. Its latest
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