Bank Indonesia Keeps Rates Unchanged

MT Newswires Live08-20 08:41

Bank Indonesia kept its key interest rates unchanged on Wednesday following the conclusion of its Board of Governors' meeting held Tuesday to Wednesday.

The central bank left the seven-day reverse repurchase rate, or BI rate, unchanged at 5.75%, while also maintaining the deposit facility rate at 4.75% and the lending facility (LF) rate at 6.50%.

Bank Indonesia said its decision was in line with efforts to strengthen the rupiah exchange rate stability amid the global volatility caused by the ongoing war in the Middle East.

The central bank said the decision was also aimed at maintaining inflation within the target range in 2026 and 2027, and supporting sustainable economic growth.

"Bank Indonesia continues strengthening policies to maintain adequate liquidity in the money market, banking industry and economy, consistent with achieving the inflation target," the statement said.

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