Indonesia central bank holds interest rates steady, as expected

The entrance of Bank Indonesia headquarters in Jakarta. — Bloomberg

JAKARTA: Indonesia's central bank held its benchmark interest rate steady on Wednesday, as expected, saying the current level remained consistent with anchoring inflation through 2025 and keeping the rupiah stable.

The seven-day reverse repurchase rate, known as the Bank Indonesia (BI) Rate, was maintained at 6.25%, where it has been since April. The decision was expected by all 35 economists polled by Reuters.