Bank Indonesia holds rates after HQ raided over graft probe
Benchmark rate stays at 6% two days after offices searched over alleged misuse of CSR funds
Indonesia’s central bank kept rates unchanged today (December 18) for the fourth consecutive meeting – two days after anti-corruption officers raided its headquarters as part of a probe into the alleged mishandling of funds.
The governing board of Bank Indonesia (BI) decided to keep the benchmark rate at 6%, the deposit rate at 5.25% and the lending rate at 6.75%.
In September, BI surprised many analysts by cutting rates for the first time since February 2021. The decision was announced hours
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