Bank Indonesia Holds Policy Rate: Global Economy Improves, Domestic Economic Recovery Continues
(WorldNews Indonesia)

No.19/79/DKom The BI Board of Governors agreed on 18th and 19th October 2017 to hold the BI 7-day Reverse Repo Rate at 4.25%, while maintaining the Deposit Facility (DF) and Lending Facility (LF) rates at 3.50% and 5.00% respectively, effective 20th October 2017. The decision was consistent with efforts to maintain macroeconomic and financial system stability, while stimulating the domestic economic recovery but remaining mindful of prevailing domestic and global economic dynamics. The current policy rate is considered adequate to maintain inflation within the target corridor and current account deficit at a sound level. Bank Indonesia shall remain vigilant of the global risks, relating to...