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Indonesia c.bank keeps key rate steady at 7.5 pct

Bareksa10 Juli 2014
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Indonesia c.bank keeps key rate steady at 7.5 pct
Gubernur Bank Indonesia Agus Martowadojo (kanan) bersama Deputi Gubernur BI - (Antarafoto/Puspa Perwitasari)

The central bank also left the deposit facility rate, or FASBI, and the lending facility rate at 5.75% and 7.50%

Bareksa.com - Indonesia's central bank kept its key reference rate unchanged at 7.50 percent, as widely expected, at a policy meeting on Thursday.

The meeting took place a day after a disputed presidential election in which both candidates claimed victory.

All 11 analysts in a Reuters poll had projected the central bank would keep the policy rate at 7.50 percent for an eighth straight month.

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The central bank also left the deposit facility rate, or FASBI, and the lending facility rate at 5.75 percent and 7.50 percent, respectively.

Bank Indonesia had raised the rate by a total of 175 basis points between June and November last year to support the frail rupiah, battle inflation and help contain the wide current-account deficit. (Source : Reuters)

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