Bank Indonesia keeps key rate unchanged as Fed move awaited

JAKARTA, 21st August, 2024 (WAM) -- Indonesia's central bank held its benchmark interest rate steady as expected, a decision that shows policymakers are not ready to be swayed into easing yet by the rupiah's (Indonesian currency) recent rally.

Bloomberg reported that Bank Indonesia left the BI-Rate unchanged for a fourth straight month at 6.25 percent Wednesday, the highest level since the benchmark was introduce