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Indonesia keeps interest rates unchanged at 7.5%

by ChemOrbis Editorial Team -
  • 17/09/2015 (16:45)
According to media reports, Indonesia’s Central Bank, Bank Indonesia, held its main rates unchanged on September 17 at 7.50%, keeping interest rates steady for a seventh consecutive month. Bank Indonesia’s decision not to change its interest rates was in line with analysts’ expectations, according to a survey conducted by Bloomberg.

The bank aims to avoid further depreciation in rupiah by keeping rates steady as any rate increase from today’s Federal Reserve’s (Fed’s) meeting will put additional downward pressure on the currency. The rupiah has been the worst performing currency after the Malaysian ringgit in Asia this year, according to Bloomberg.
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