TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsBank Indonesia maintains reference rate at 4.75%
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
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)
