"A deceleration in monetary expansion and a further containment of inflation and inflation expectations are expected with these measures," the statement said.
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The repurchase rate is the return on cash deposited by commercial banks with the central bank and the reverse repurchase rate is the cost of borrowing from the central bank.
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Investors said the move came as a surprise because inflation in the island nation had shown signs of slowing down with the latest figures showing a 12.1 percent rise in November from a peak of 12.8 percent in August.
For the year ended November, inflation averaged 9.
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1 percent.
"The rate hi