BI: This Month, Interest Rate still 7,5%

BI: This Month, Interest Rate still 7,5%

Bank Indonesia (BI) has decided to maintain the benchmark interest rateat 7.5 percent, similar to  April’s level.

BI has set the rate at this level since November 2013.

The rate was announced in Jakarta on Thursday afternoon by BI Governor Agus Martowardojo after conducting a board of governorsmeeting (RDG).

“We are consistent in maintaining the rate as we want to achieve an inflation rate of 4.5 percent, plus minus one percent,” Agus told the press after the RDG as quoted by kontan.co.id.

The monthly RDG is to evaluate monetary policy that has been carried out as well as to prepare future monetary policies.

Apart from the BI rate, the bank also maintained its lending and deposit facilities at 7.5 percent and 5.75 percent, respectively. (nfo/nvn)

Source : Jakpost

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