Jakarta: Bank Indonesia's (BI) Board of Governors Meeting has agreed to hold the BI 7-Day Reverse Repo Rate at 3.50%, while also maintaining the Deposit Facility (DF) rates at 2.75% and Lending Facility (LF) rates at 4.25%.
The decision is consistent with projected low inflation and efforts to maintain rupiah exchange rate stability, while accelerating the national economic recovery.
"Bank Indonesia continues to optimise the accommodative monetary and macroprudential policy mix, while accelerating payment system digitalisation in Indonesia to strengthen the national economic recovery," said BI Governor Perry Warjiyo in a press conference on Tuesday.
"Bank Indonesia constantly strengthens policy synergy with the Government and Financial System Stability Committee (KSSK), including implementation of the Integrated Policy Package to accelerate the national economic recovery," he stated,
According to him, the central bank is also strengthening coordination with the Government and other relevant authorities to expedite lower lending rates in the banking industry and stimulate loans/financing disbursed to businesses and priority sectors.
"The global economic recovery is proceeding as previously expected despite persistently elevated global financial market uncertainty," he said.
"Domestic economic growth continued to improve in the second quarter of 2021 in line with forecasts," he stated.
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