Bank Indonesia holds again as inflation falls to target level
Governor says central bank is focused on keeping the rupiah stable
Indonesia’s central bank kept its key policy rates unchanged for the sixth straight meeting on July 25, after inflation fell back to target.
Bank Indonesia’s six-member board kept the benchmark seven-day reverse repurchase rate at 5.75%, unchanged since January. It also held the deposit and lending rates at 5% and 6.5% respectively.
Indonesia’s headline inflation slowed to 3.52% year on year in June, the lowest level in 14 months. It came down from 4% in May and a peak of 5.95% in September
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