BI Rate Maintained at 6.5%

medcom.id, Jakarta: Bank Indonesia (BI) has decided to hold its benchmark interest rate (BI rate) at 6.5 percent this month.
 
The central bank also maintained deposit facility rate at 4.5 percent and lending facility rate at seven percent.
 
"Bank Indonesia decided to maintain its 7-day reverse repo rate at 5.25 percent," added BI spokesperson Tirta Segara at the BI headquarters, Jakarta, on Thursday (7/21/2016).

Tirta explained that inflation is under control while trade deficit is improving. The rupiah currency is also relatively stable,
 
Meanwhile, external shocks are relatively low. uncertainty regarding United States Federal Reserve rate has subsided. The impact of Brexit to Indonesia is also minimal.
 
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