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Indonesia Holds Rate Steady At 3.50%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Indonesia's central bank left its key interest rate unchanged on Thursday in a bid to support efforts to boost economic growth amid projected low inflation.

The Board of Governors agreed to hold the BI 7-Day reverse repo rate at 3.50 percent, the Bank Indonesia said in a statement. The previous change in the rate was a quarter-point reduction in February.

Policymakers also decided to maintain the deposit facility rates at 2.75 percent and the lending facility rates at 4.25 percent.

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