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Bank Indonesia Holds Key Rate Unchanged At 5.75%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Indonesia's central bank left its benchmark rate unchanged for the sixth consecutive meeting on Thursday, as expected, as policymakers assessed that the current policy stance is enough to maintain the inflation within the target range this year.

The Board of Governors of Bank Indonesia, led by Governor Perry Warjiyo, decided to hold the seven-day reverse repo rate at 5.75 percent.

The deposit facility rate was retained at 5.00 percent and the lending facility rate at 6.50 percent.

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