Indonesia keeps benchmark rate unchanged after Fed's meeting

Indonesia's central bank on Thursday held its seven-day reverse repo rate steady for a second straight month after the U.S. Federal Reserve rose benchmark interest rate.

Governor board meeting decided to keep the rate at 4.75 percent, said Tirta Sagara, spokesman of the central bank.

"The central bank keeps maintaining macro-economy amid global uncertainty. The central bank is cautious on the global risks," he said at the bank headquarters.

The meeting also decided to keep deposit facility rate and lending facility rate respectively 4 percent and 5.5 percent, Sagara revealed.

Rupiah had depreciated by 2.1 percent from the beginning of November until the first week of this month, according to the national statistic bureau.

The Indonesian central bank had aggressively applied loosening by cutting the basic rate 150 basis points this year to spur growth.

Indonesia's economy is estimated to expand steady at moderate level this year and next year amid contraction in other economies. Endit