{"id":109869,"date":"2021-03-18T08:11:08","date_gmt":"2021-03-18T08:11:08","guid":{"rendered":"https:\/\/fin2me.com\/?p=109869"},"modified":"2021-03-18T08:11:08","modified_gmt":"2021-03-18T08:11:08","slug":"indonesia-c-bank-keeps-key-rates-unchanged-amid-pressure-on-rupiah","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/indonesia-c-bank-keeps-key-rates-unchanged-amid-pressure-on-rupiah\/","title":{"rendered":"Indonesia c.bank keeps key rates unchanged amid pressure on rupiah"},"content":{"rendered":"
JAKARTA, March 18 (Reuters) – Indonesia\u2019s central bank kept its main policy rates steady on Thursday, holding fire after a bout of monetary support during the COVID-19 pandemic, and as the rupiah has come under pressure due to capital outflows.<\/p>\n
Bank Indonesia (BI) left the benchmark 7-day reverse repurchase rate unchanged at a record low of 3.50%, as expected by all 28 analysts in a Reuters poll, after cutting them in February to help the coronavirus-hit economy.<\/p>\n
It also kept the deposit facility and lending facility rates at 2.75% and 4.25%, respectively.<\/p>\n
The rupiah has fallen more than 3% in the past month as a rise in U.S. yields, fuelled by inflation expectations, has lured investors out of riskier emerging market assets.<\/p>\n