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Indonesian central bank holds rates steady

Tan KW
Publish date: Wed, 18 Dec 2024, 06:40 PM
Tan KW
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JAKARTA Indonesia's central bank held its main interest rates steady at a review on Wednesday, as expected by a narrow majority of analysts, keeping its focus on stabilising the rupiah currency which had earlier hit a four-month low against the dollar.

Bank Indonesia held the benchmark rate at 6.00%, as predicted by 17 of 31 economists polled by Reuters. The other 14 had expected a 25-basis-point rate cut.

The central bank also left the overnight deposit facility and lending facility rates steady at 5.25% and 6.75%.

 


  - Reuters

 

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