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Indonesia Leaves Rates Unchanged At 5.75% For Third Time

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

Indonesia's central bank held its interest rates steady for the third successive meeting on Tuesday and signaled that they will remain unchanged for the rest of the year as policymakers assessed that the current level of interest rates is sufficient to anchor inflation within the target range.

The Board of Governors of Bank Indonesia decided to hold the 7-day reverse repo rate at 5.75 percent. The move was in line with economists' expectations.

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