medcom.id, Jakarta: Bank Indonesia (BI) decided to maintain BI rate at 6.75 percent. Meanwhile, BI 7 Day Reverse Repurchase Agreement rate kept at 5.5 percent.
"This decision is in line with our effort to control inflation at around four percent while bolstering economic growth in the midst of global slowdown," stated BI spokesperson Tirta Segara, Jakarta, (4/21/2016).
Tirta added that BI will continue to strengthen its coordination with the government in managing inflation and economic growth.
The central bank previously lowered BI rate three times. In January, BI rate was at 7.5 percent.
Last week, BI announced it is going to replace BI rate with BI 7 Day Reverse Repurchase Agreement Rate as its benchmark interest rate. The policy will be effective on August 19, 2016.
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