Indonesia’s central bank, Bank Indonesia (BI), decided to hold its 7-day reverse repurchase rate at 4.50% on Tuesday (May 19), amid efforts to ensure market stability. BI also held its overnight deposit facility and lending facility rates steady at 3.75% and 5.25%, respectively. Policymakers said there was still room for further rate cuts to support the economy as inflationary pressures had remained low.

To subscribe please click here