Indonesia c.bank seen holding benchmark as it adopts new system
(Corrects to clarify last c.bank rate cut was in June, not May) * BI to formally make 7-day reverse repo a new benchmark * 12 of 20 analysts say BI will keep new benchmark steady * New benchmark should work better for economy - analyst By Gayatri Suroyo JAKARTA, Aug 18 Indonesia's central bank formally makes the 7-day reverse repurchase rate its new benchmark on Friday, and a slim majority of analysts believe the rate will be held steady on its debut. Twelve of 20 analysts surveyed by Reuters predicted Bank Indonesia (BI) will keep the new benchmark at 5.25 percent, where the reverse repo rate has been since June. The other eight pencilled in a 25-basis point cut to strengthen growth momentum after Indonesia's economy had better-than-expected 5.18 percent annual expansion in the second quarter.