Bank Indonesia Maintains Reference Rate at 4.25 Percent
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Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO, Jakarta - The Bank Indonesia (BI) board of governors meeting has resulted in a decision to maintain the Seven-Day Reverse Repo Rate at 4.25 percent, with the deposit facility interest rate maintained at 3.50 percent. BI has also decided to maintain the Lending Facility interest rate at 5.00 percent.
The decisions made at the meeting that was held on December 13 and 14 will be in effect starting from Friday, December 15.
Read: Bank Indonesia to Cut Inter - Bank Transaction Fees
Doddy Budi Waluyo, BI executive director for monetary and economic policy, said the decision is in line with the plan to maintain the macroeconomic and financial system stabilities, as well as to support the economic recovery endeavors.
“The interest rate is considered sufficient. The policy relaxing that was earlier implemented has been sufficient, and it stimulates economic recovery,” Dody said on Thursday, December 14.
Dody pointed out that his office would continue to anticipate a number of risks related to normalization plans initiated by developed countries and geopolitical risks. Meanwhile, among domestic risks being watched by Bank Indonesia include credit growth and banking intermediation.
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