Bank Indonesia keeps rates unchanged at record low

The entrance to the Bank Indonesia headquarters in Jakarta. ― Bloomberg

JAKARTA: Indonesia's central bank kept its benchmark interest rate unchanged at a record low on Thursday, as expected, saying the level remained consistent with its inflation target and supporting economic growth.

Bank Indonesia (BI) left the benchmark seven-day reverse repurchase rate at 3.50%, where it has been since February 2021, as forecast by most analysts in a Reuters poll.