# Bank Indonesia stays pat, likely to remain on hold over the remainder of 2017 | EconoTimes

> Bank Indonesia kept its 7-day reverse repo rate at 4.75% and its deposit and lending facility rates at 4.00% and 5.50%, as widely expected. The central bank said the current level supports macroeconomic and financial stability, and it noted that the rupiah has strengthened on a nominal effective basis.

- Date: 2017-04-20 · published 2017-04-20T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/71792-bank-indonesia-stays-pat-likely-to-remain-on-hold-over-the-remainder-of-2017
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Holding rates steady keeps domestic financing costs unchanged for Indonesian feed and livestock producers, with no direct price impact on feed commodities.

## Sources

- econotimes.com: https://econotimes.com/Bank-Indonesia-stays-pat-likely-to-remain-on-hold-over-the-remainder-of-2017-652406

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.