18 May UPDATE 1-Indonesia c.bank holds fire on rates, vows to keep liquidity loose
Indonesia’s central bank kept
its policy rate steady on Tuesday to bolster market stability,
but pledged to maintain ample cash in the financial system and
said there was room to cut rates in the future to cushion
Southeast Asia’s biggest economy.
The move to leave Bank Indonesia’s 7-day reverse repurchase
rate unchanged at 4.50% was a surprise with 16 out
of 26 analysts in a Reuters poll expecting a 25-basis point cut.
its policy rate steady on Tuesday to bolster market stability,
but pledged to maintain ample cash in the financial system and
said there was room to cut rates in the future to cushion
Southeast Asia’s biggest economy.
The move to leave Bank Indonesia’s 7-day reverse repurchase
rate unchanged at 4.50% was a surprise with 16 out
of 26 analysts in a Reuters poll expecting a 25-basis point cut.
Sorry, the comment form is closed at this time.