By Ying Xian WongIndonesia's central bank stood pat at its June policy meeting as expected, aiming to keep inflation in check as well as to maintain the rupiah's stability. The central bank also held its overnight deposit facility rate at 5.50% and its lending facility rate at 7.0%. The decision is consistent with the bank's pre-emptive, forward-looking stance to ensure inflation remains under control and to strengthen the rupiah, Bank Indonesia Gov. Economists had largely expected the central bank to stand pat on rates. Write to Ying Xian Wong at yingxian.wong@wsj.com(END) Dow Jones NewswiresJune 20, 2024 04:01 ET (08:01 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal June 20, 2024 08:20 UTC