Indonesia made no alterations in the interest rates for two months at a stretch now following the slowing down of the inflation, saying that the gains made by the rupiah is going to aid in restricting the price pressures.

The benchmark reference rate of Bank Indonesia was kept at 6.75%, as revealed by it in Jakarta on Tuesday. This decision had been an expected one, having been predicted by all the 18 economists surveyed by Bloomberg News. The central bank increased its borrowing prices in the month of February, its only rise since the year 2008.

Fuel subsidies have been maintained by policy makers in order to slow down the rate of inflation and allow the rupiah to increase to its strongest level since the year 2004 in order to fight against the import prices. According to Standard & Poor’s, there is a requirement for Indonesia to control the price pressures for an additional upgrade following the increase of its credit rating to a step less than the investment grade previous week.

The rupiah is the second-best performing chief currency for 2011 in Asia, soaring by around 3.7% against the USD, as revealed by a data compiled by Bloomberg.