Bank Indonesia holds policy rate
Central bank is focused on rupiah stability and attracting foreign capital in the short term
Bank Indonesia kept its benchmark interest rate unchanged for the third straight meeting today (July 17), noting inflation remains under control but the rupiah needs further support.
The bank kept the seven-day reverse repurchase rate, or the Bank Indonesia rate, at 6.25%, a level unchanged since April. It also kept the deposit and lending rates unchanged at 5.5% and 7% respectively.
Monetary policy in the short term is focused on strengthening the rupiah and attracting foreign capital inflows
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