BI kept overnight policy interest rate unchanged at 5.75%.

By bne IntelliNews September 17, 2012
Indonesia's central bank, Bank Indonesia kept the overnight policy interest rate unchanged at 5.75%. As reported by Dow Jones Global Equities News, this stance raises expectations that the monetary authority will likely keep the key rate unchanged through the end of the year. The nation's external balance is seen to be improving, reducing pressure on the domestic currency. The central bank is expected to address the country's widening budget deficit using macro prudential policy mix.

BI kept overnight policy interest rate unchanged at 5.75%.

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