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Jakarta Post

BI maintains 7.5% interest rate this month

  • The Jakarta Post

    The Jakarta Post

Jakarta   /   Thu, May 8, 2014   /  08:13 pm

Bank Indonesia (BI) has decided to maintain the benchmark interest rate at 7.5 percent, similar to  April's level.  

BI has set the rate at this level since November 2013. 

The rate was announced in Jakarta on Thursday afternoon by BI Governor Agus Martowardojo after conducting a board of governors meeting (RDG).

"We are consistent in maintaining the rate as we want to achieve an inflation rate of 4.5 percent, plus minus one percent," Agus told the press after the RDG as quoted by

The monthly RDG is to evaluate monetary policy that has been carried out as well as to prepare future monetary policies. 

Apart from the BI rate, the bank also maintained its lending and deposit facilities at 7.5 percent and 5.75 percent, respectively. (nfo/nvn)