JAKARTA, March 17 (Xinhua) -- Indonesia's central bank, Bank Indonesia, kept its benchmark interest rate (BI-Rate) at 4.75 percent following a two-day board of governors meeting amid rising global uncertainty due to conflict in the Middle East.
"The Board of Governors Meeting of Bank Indonesia decided to maintain the BI-Rate at 4.75 percent, the Deposit Facility rate at 3.75 percent, and the Lending Facility rate at 5.50 percent," Bank Indonesia Governor Perry Warjiyo said at a press conference on Tuesday.
Perry added that the policy is aimed at easing pressure on the rupiah while ensuring inflation remains within the 1.5 to 3.5 percent target range for 2026-2027.
Amid global volatility, the central bank is deploying various instruments to strengthen external resilience and maintain investor confidence, including stabilizing the foreign exchange market, reinforcing monetary operations to ensure liquidity, and adjusting foreign exchange policies.
He added that coordination with the government and other financial institutions will continue to be strengthened to boost lending to the real sector without undermining financial system stability. ■
