Indonesia central bank holds key rates

Indonesia central bank holds key rates

The logo of Indonesia's central bank, Bank Indonesia, is seen in Jakarta, Indonesia Jan 19, 2017. (Reuters file photo)
The logo of Indonesia's central bank, Bank Indonesia, is seen in Jakarta, Indonesia Jan 19, 2017. (Reuters file photo)

JAKARTA: Indonesia's central bank held its key interest rates unchanged for the fourth straight month on Thursday, as widely expected, but said would it accelerate the relaxation of its reserve requirement rules.

Bank Indonesia (BI) kept its seven-day reverse repurchase rate at 4.25%.

It cut the rate by 25 basis points in August and again in September.

The deposit facility and lending facility rate were also kept unchanged at 3.5% percent and 5.0% respectively.

The central bank said it would relax the reserve requirement daily average level for commercial banks.

All 18 analysts in a Reuters poll had predicted no change in the benchmark rate. 

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