India, June 18 -- Indonesia's central bank left its benchmark interest rate unchanged on Wednesday after a quarter-point reduction in May and hinted at further reduction to support economic growth.
The Bank Indonesia Board, led by Governor Perry Warjiyo, maintained the BI rate at 5.50 percent. The bank had reduced the rates twice this year, in May and January. The deposit facility interest rate was retained at 4.75 percent and the lending facility interest rate at 6.25 percent.
The bank said it will continue to monitor the room for lowering the interest rate in order to encourage economic growth, while maintaining inflation in line with its target and the stability of the currency exchange rate.
Bank Indonesia observed that economic grow...