Indonesia central bank leaves benchmark rate unchanged at 7.50%, as expected
Published on Apr 8, 2014 4:03 PM
JAKARTA (Reuters) - Bank Indonesia kept its benchmark reference rate steady for a fifth straight month, as expected, helped by a narrowing in the country's current-account deficit.
Southeast Asia's largest economy appears to have turned a corner this year as confidence returns to the rupiah on signs the economy is improving. Its trade balance reverted to surplus in February and inflation has continued to moderate.
Analysts expect policymakers will likely keep policy unchanged for now as inflation also becomes less of a concern.
Indonesia has held rates steady this year while other major emerging economies were forced to raise them to fend off outflows.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here