Tue, 03 Aug 2021

JAKARTA, June 17 (Xinhua) -- Bank Indonesia's Board of Governors meeting on June 16-17 has decided to hold the benchmark interest rate or its Seven Days Reverse Repo Rate at 3.5 percent, the bank's chief said Thursday.

The decision was consistent with the estimated inflation which remains low, an effort to maintain the stability of the exchange rate of rupiah, and determination to strengthen the national economic recovery, Perry Warjiyo, governor of the central bank, Bank Indonesia, told a press conference here Thursday.

Warjiyo also ensured that Bank Indonesia would optimize the macro-prudential policy mix, and accelerate the digitization of the payment system to support economic recovery.

Bank Indonesia likewise decided to keep the deposit facility interest rate at 2.75 percent and the lending facility interest rate at 4.25 percent.

Previously, the central bank also maintained the benchmark interest rate at 3.5 percent for three consecutive meetings of its Board of Governors, namely in the period of March 17-18, April 19-20 and May 24-25 of this year.

More Indonesia News

Access More

Sign up for Indonesia News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!