Market News
Indonesia central bank holds rates amid market uncertainties - REUTERS
By Gayatri Suroyo and Stefanno Sulaiman
JAKARTA, March 19 (Reuters) - Indonesia's central bank kept policy rates unchanged for a second straight review on Wednesday, as expected, against a backdrop of turmoil in local markets on concerns about global trade wars and the government's fiscal policy.
Bank Indonesia held the benchmark 7-day reverse repurchase rate (IDCBRR=ECI), steady at 5.75%, as expected by 19 of 31 analysts polled by Reuters. The rest had expected a rate cut.