March 16, 2017
The reverse repo rate, deposit rate, and central bank lending facility rates were held steady as expected in Indonesia at 4.75%, 4.0%, and 5.5% as expected. A released statement projects continuing growth improvement but amid a number of risks that bear watching. Officials during February observed contained inflation, a trade surplus and a rise in the rupiah. The key 7-day reverse repo rate has been 4.75% since last October when the sixth 25-basis point reduction of 2016 was engineered.
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Tags: Bank Indonesia