Indonesia’s central bank left its key interest unchanged on Tuesday, for a third consecutive policy session.

The board of Bank Indonesia left the 7-day reverse repo rate unchanged at 4 percent, as expected.

The previous change in the rate was a quarter-point reduction in July.

The bank had reduced the key interest rate four times this year to support the?economy?amid the crisis caused by the coronavirus or Covid-19 pandemic.

The overnight deposit facility rate and the lending facility rate were left unchanged at 3.25 percent and 4.75 percent, respectively.

The latest decision considers the need to maintain a stable Rupiah exchange rate amid a predicted low inflation, the bank said.

The material has been provided by InstaForex Company – www.instaforex.com

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