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Bank Indonesia maintains reference rate at 4.75%
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The Bank Indonesia building on Jl. MH Thamrin in Central Jakarta (JP/Wienda Parwitasari)
Bank Indonesia maintained its seven-day reverse repo rate at 4.75 percent during its board of governors meeting on Thursday.
The central bank also maintained the deposit facility at 3.50 percent and lending facility at 5 percent.
“The decision is in line with the effort to maintain macroeconomic and financial system stability and to support domestic economic recovery,” said BI spokesman Agusman on Thursday as reported by tribunnews.com.
Agusman said the central bank would remain alert over possible risks in response to the monetary policies of a number of countries and geopolitical situation, as well as domestic factors, particularly corporate consolidation amid weak bank intermediation.
Meanwhile, the US Federal Reserve on Wednesday raised on Wednesday the benchmark interest rate for the third and final time this year, and indicated that it was not likely to be more aggressive next year, at least for now, AFP reported. (bbn)
