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View all search resultsBank Indonesia maintains reference rate
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The Bank Indonesia (BI) building is located on Jl. MH Thamrin in Central Jakarta. (JP/Wienda Parwitasari)
B
ank Indonesia (BI) decided to maintain the seven-day reverse repo rate at 4.25 percent during a board of governors meeting from Wednesday to Thursday.
It also maintained deposit facility and lending facility rates at 3.5 and 5 percent.
The policy is consistent with its effort to stabilize macroeconomic conditions and the financial system, the central bank said in a statement on Thursday.
BI plans focus on maintaining economic stability for strong and sustainable economic growth, the statement said.
However, Indonesia must remain alert of global risks that may negatively affect the national economy, such as global financial market uncertainty, global oil price increases and the possible continuing trade dispute between the United States and China.
Therefore, the central bank will optimize an integrated policy on monetary and macroprudential policies as well as the payment system to support the ongoing economic recovery.
BI will strengthen its coordination with the government to maintain macroeconomic stability, it added. (bbn)
