Bank Indonesia Reduced Key Interest Rate from 4.75% to 4.5%
Jakarta | 22nd August 2017
The Bank Indonesia Board of Governors reduced key interest rate by 25 bps from 4.75% to 4.50%, effective 23rd August 2017.
” Bank Indonesia Lowered Key Rate from 4.75% to 4.50% “
The decision was consistent with the rooms for monetary policy easing, as evidenced by low inflation with 2017 and 2018 inflation projected within the target range, and current account deficit under control within a healthy range. The policy rate easing is expected to reinforce intermediation in the banking sector, to strengthen financial system stability as well as support higher economic growth.
Official Press Release by Bank Indonesia