BI holds following downgrade for Indonesian equities market
Central bank leaves benchmark at 5.75% in fourth consecutive rate hold
Indonesia’s central bank has held rates for the fourth consecutive time, following a downgrade of its equities market last week and amid ongoing rupiah weakness.
The board of Bank Indonesia (BI) decided to leave its benchmark interest rate at 5.75% today (October 21). In a statement, spokesperson Ramdan Denny Prakoso said: “The monetary policy stance remains consistent with the strategy to stabilise the rupiah exchange rate among persistent external pressures, while ensuring inflation remains
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