Indonesia's interest rate remains unchanged

Jakarta

INDONESIA'S central bank has kept its main interest rate unchanged for a second straight month, as a persistent decline in oil prices reduces pressure for monetary tightening to cool inflation.

Bank Indonesia Governor Agus Martowardojo and his board left the reference rate at 7.75 per cent, the central bank said in Jakarta on Thursday. The authority kept the rate it pays lenders on overnight deposits, known as the Fasbi, unchanged at 5.75 per cent.