KONTAN.CO.ID - JAKARTA. The meeting of the Bank Indonesia governing council (BI RDG) in April 2019 decided to hold the benchmark interest rate at 6%. Likewise, deposit facility and lending facility interest rates remained at 5.25% and 6.75% respectively. BI Governor Perry Warjiyo said that this decision was in line with BI's goal to reduce the 2.5% current account deficit against gross domestic product (GDP). Current interest rates are still attractive to the Indonesian financial market. "The decision is in line with efforts to strengthen Indonesia's external stability," Perry explained at a press conference at the BI building complex on Thursday (25/4).
Bank Indonesia holds interest rate at 6%
KONTAN.CO.ID - JAKARTA. The meeting of the Bank Indonesia governing council (BI RDG) in April 2019 decided to hold the benchmark interest rate at 6%. Likewise, deposit facility and lending facility interest rates remained at 5.25% and 6.75% respectively. BI Governor Perry Warjiyo said that this decision was in line with BI's goal to reduce the 2.5% current account deficit against gross domestic product (GDP). Current interest rates are still attractive to the Indonesian financial market. "The decision is in line with efforts to strengthen Indonesia's external stability," Perry explained at a press conference at the BI building complex on Thursday (25/4).