Indonesian central bank keeps rate steady.
M2 EQUITYBITES-May 25, 2022--Indonesian central bank keeps rate steady
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Global Banking News - 25 May 2022
The Indonesian central bank has kept its rate steady.
The central bank has announced more aggressive increases in the reserve requirement ratio (RRR) for banks. The move comes as part of measures aimed at controlling inflation.
The bank however, kept interest rates unchanged at a record low.
Commercial banks will now have to park 7.5 percent of their reserves with the central bank from July. It will be increased to 9 percent from...
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