KONTAN.CO.ID - JAKARTA. Indonesia's central bank kept interest rates at record lows on Thursday to support the economy's recovery from the COVID-19 pandemic amid uncertainty around the new Omicron variant and the Federal Reserve's plans for a quicker bond tapering.
Bank Indonesia (BI) left the 7-day reverse repurchase rate at 3.50%, where it has been since February. The decision was expected by all economists polled by Reuters. BI also kept its two other main policy rates steady.
The central bank said the decision was in line with the need to support the economic recovery amid a low inflation outlook, while keeping the rupiah stable amid global market uncertainty.