JAKARTA, May 21 (Xinhua) -- Bank Indonesia has lowered its benchmark interest rate by 25 basis points to 5.50 percent, along with the deposit facility and lending facility rates to 4.75 percent and 6.25 percent respectively, following the board of governors meeting from Tuesday to Wednesday.
Perry Warjiyo, governor of Bank Indonesia, said the policy is based on inflation projections for 2025-2026, which are expected to remain low within the target range of 2.5±1 percent, and aims to maintain exchange rate stability in line with economic fundamentals.
"Monetary policy remains focused on macroeconomic stability, particularly inflation and the exchange rate, while also supporting national economic recovery and growth," Perry said during a press conference on Wednesday. ■
