Jakarta: Bank Indonesia (BI) today announced the decision of its Board of Governors to hold the BI 7-Day Reverse Repo Rate at 3.50%.
The central bank also decided to maintained the Deposit Facility (DF) rates at 2.75% and Lending Facility (LF) rates at 4.25%.
"The BI Board of Governors agreed on April 19 and 20, 2021 decided to hold the BI 7-Day Reverse Repo Rate at 3.50%," said BI Governor Perry Warjiyo during a virtual press conference here on Tuesday afternoon.
"The decision is consistent with the need to maintain rupiah exchange rate stability amidst elevated global financial market uncertainty despite projected low inflation," he stated.
According to President Joko Widodo (Jokowi) during the 2021 Regional Heads Coordination Meeting last week, at the moment, the Indonesian Government is still focusing on handling the current health issues and speeding up economic recovery simultaneously.
Therefore, preventing the spread of the virus must be a priority, while treating covid-19 patients exposed to the virus must also be carried out consistently.
In January, Indonesia recorded 14 up to 15 thousand daily active cases.
However, the number of daily cases has been relatively under control, which stood at 4 to 6 thousand cases lately due to the enforcement of micro-scale public activity restrictions (PPKM Mikro) coupled with a mass vaccination program.
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