Bank Indonesia holds rate
Governor pledges continued interventions to support rupiah amid low inflation
The six-member board of Bank Indonesia (BI) kept its key policy rate unchanged today for the fifth straight meeting, holding its BI-rate at 6%.
It also kept its deposit and lending facility rates unchanged at 5.25% and 6.75% respectively.
In a statement, Bank Indonesia said its decision is consistent with its focus on maintaining the stability of the rupiah. It also serves as a “pre-emptive and forward-looking measure” to keep inflation within its target range of 1.5% to 3.5% for 2024, the
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