Bank Indonesia Stands Pat Amid Uncertainties
Indonesia's central bank held rates steady on Wednesday, pausing again as external uncertainties make policymakers cautious.
Bank Indonesia made the decision to keep its benchmark seven-day reverse repo rate at 5.50% amid heightened geopolitical tensions, centered around the conflict in the Middle East. The move also comes hours ahead of a decision by the Federal Reserve, adding to expectations for BI to take a wait-and-see approach.
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