Advertisements

Indonesia Holds Rates at 5.5%, Prioritizes Currency Stability

by Elena

JAKARTA (Reuters) — Indonesia’s central bank kept its policy rates unchanged on Wednesday, as expected. The bank paused its easing cycle but emphasized its goal to maintain the stability of the rupiah while supporting economic growth. Bank Indonesia held the benchmark 7-day reverse repurchase rate steady at 5.50%, a move anticipated by 21 out of 31 economists surveyed by Reuters.

Advertisements

You may also like

blank

MydayFinance (www.mydayfinance.com) is a comprehensive foreign exchange industry website, providing global users with 24-hour comprehensive and timely foreign exchange market information, foreign exchange rate real-time query, foreign exchange rate conversion and other content.【Contact us: [email protected]

© 2024 Copyright  mydayfinance.com