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Indonesia keeps benchmark repo rate unchanged

Xinhua, August 19, 2016 Adjust font size:

Indonesian central bank held its new benchmark seven-day reverse repo rate steady at 5.25 percent for the second consecutive month, as the lender maintains capital-inflow momentum while waiting for opportunity to apply easing policy.

The governor board meeting on Friday evening decided to keep the rate unchanged.

The rate was firstly used as benchmark on Friday, replacing a 12-month reference rate. Endit