Indonesia Holds Benchmark Interest Rate Steady at 4.5%
[Asia Economy Reporter Kim Hyemin] The Central Bank of Indonesia (BI) kept the 7-day reverse repurchase agreement (Repo) rate, used as the benchmark interest rate, unchanged on the 19th.
According to Bloomberg News, the Central Bank of Indonesia announced the 7-day reverse repo rate, the benchmark interest rate, at 4.50%. This exceeds the expert forecast of 4.25%.
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Indonesia lowered the benchmark interest rate by 0.25 percentage points for two consecutive months in February and March, and has maintained the current rate for three consecutive months.
This content was produced with the assistance of AI translation services.
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