JAKARTA Dec 12 Indonesia's central bank kept
its benchmark reference rate unchanged at 7.50 percent on
Thursday, as expected, as the country's trade balance has
returned to a small surplus and inflation is moderating.
The central bank also maintained the deposit facility rate
and lending facility rate at 5.75 percent and 7.50 percent,
Bank Indonesia has lifted its reference rate a total of 175
basis points since June to restore market confidence in the G20
economy due to a sharp fall in the rupiah.
The rupiah is Asia's worst-performing currency and has
fallen nearly 20 percent to the dollar this year.
Eight of 11 analysts in a Reuters poll had estimated the
central bank would keep its reference rate unchanged to wait for
the full effect of its massive rate increases to filter through
the already slowing economy.
Annual consumer prices have steadied, moderating to 8.37
percent in November from 8.32 percent a month earlier.
The trade picture has also brightened, with export growth
firmer in October, resulting in a small surplus of $50 million
compared with September's revised $810 million deficit.
Announcement date Rate (percent)
For more historical data, please see BIPG
(Reporting by Nilufar Rizki and Adriana Nina Kusuma; Writing by
Rieka Rahadiana; Editing by Jacqueline Wong)