Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

Indonesia's central bank keeps interest rates steady

04/20/2021 | 03:25am EDT

JAKARTA, April 20 (Reuters) - Indonesia's central bank kept its main policy rate at a record low on Tuesday as policymakers balanced the need to support the coronavirus-hit economy with concerns that further monetary easing could weigh on an already falling currency.

Bank Indonesia (BI) left the benchmark 7-day reverse repurchase rate at 3.50%, where it has been since February. The move was forecast by all 27 analysts in a Reuters poll as the central bank has flagged the need to maintain rupiah stability.

BI also kept the overnight deposit facility and lending facility rates unchanged at 2.75% and 4.25%, respectively.

BI has cut interest rates by a total of 150 basis points, pumped more than $50 billion liquidity into the financial system and relaxed lending rules since 2020 to help Southeast Asia's largest economy recover from the COVID-19 pandemic. (Reporting by Gayatri Suroyo and Fransiska Nangoy Editing by Ed Davies and Andrew Heavens)


ę Reuters 2021
Latest news "Interest Rates"
04/21Euro zone govt bonds steady before ECB meeting, risk aversion underpins
RE
04/20Australia, NZ dlrs ease from one-month highs, bonds gain
RE
04/20Bonds Reflect Hope That U.S. Recovery Will Spread to Europe -- 2nd Update
DJ
04/20Bonds Reflect Hope That U.S. Recovery Will Spread to Europe -- Update
DJ
04/20Euro zone bond moves contained ahead of ECB
RE
04/20Indonesia c.bank keeps rates at record lows as it trims 2021 GDP outlook
RE
04/20INDONESIA C.BANK GOV : Current rupiah exchange rate, govt bond yields are attractive for investors
RE
04/20Euro zone bond yields continue rise, moves contained ahead of ECB
RE
04/20INDONESIA C.BANK GOV : Will increase use of short term islamic bonds to strengthen shariah monetary operations
RE
04/20Indonesia's central bank keeps interest rates steady
RE
Latest news "Interest Rates"