Bank Indonesia Holds Reference Interest Rate at 4%

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Dimas Jarot Bayu 15/10/2020 08:30 WIB

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Bank Indonesia (BI) maintained its benchmark interest rate at 4% to safeguard the stability of the rupiah exchange rate.

Bank Indonesia Reference Rate (BI 7-Day Repo Rate)

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Bank Indonesia Holds Reference Interest Rate at 4%

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Bank Indonesia Reference Rate (BI 7-Day Repo Rate)

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Bank Indonesia (BI) in its Board of Governors meeting on October 12-13, 2020, decided to maintain the benchmark interest rate at 4%. Similarly, the interest rate for the deposit facility remained at 3.25%. The lending facility interest rate was set at 4.75%.

BI maintained the benchmark interest rate to safeguard the stability of the rupiah exchange rate amidst potential pressures in the financial market. BI observed that the current rupiah exchange rate, trading around RP 14,740 per US dollar, remains below its fundamental value.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Bank Indonesia Holds Reference Interest Rate at 4%

Bank Indonesia Holds Reference Interest Rate at 4%

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Bank Indonesia Holds Reference Interest Rate at 4%

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