Bank Indonesia Holds Main Rate, Raises Deposit Facility Rate
Bank Indonesia held its benchmark rate unchanged for a fourth straight policy review on Wednesday and raised the deposit facility rate.
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07:27:02 AM UTC
SquawkNews
Indonesia's central bank kept its main policy rate unchanged on Wednesday but hiked its deposit facility rate and said it would cut its reserve requirement ratio, days after an equities market rout and as the rupiah currency hovered near an all-time low.Bank Indonesia kept the benchmark 7-day rever…
Indonesia's central bank held its main interest rate unchanged for a fourth straight policy review on Wednesday, but hiked the deposit facility rate, as the country's stock market saw a record-breaking two-day rout and its rupiah currency hovered near an all-time low.Bank Indonesia kept the benchma…