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Indonesian central bank holds interest rates at 6.75 pct

Xinhua, April 21, 2016 Adjust font size:

Indonesia's central bank on Thursday kept its benchmark interest rate on hold for the first time this year, after having previously cut it by 25 points three times.

Bank Indonesia (BI) announced in a statement that it decided to maintain the benchmark at 6.75 percent, and also kept the seven-day reverse repurchase rate at 5.50 percent.

"The decision is in line with our efforts to keep inflation in 2016 between 3-5 percent, and is pushing measures to maintain domestic economic improvement amid slow global economic growth,"the statement said.

Indonesia saw its inflation pace in March at 4.45 percent, according to the statistics agency.

The central bank had previously lowered the benchmark rate to boost growth as inflation and current account deficit outlooks gave room for easing. Endit