BI keeps BI Rate unchanged at 6.75%

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JAKARTA (TheInsiderStories) – Bank Indonesia on Thursday (May 19) decided to keep benchmark BI Rate unchanged at 6.75 percent for second month, after cutting the rate in January-March this year.

“The Board of Governor’s Meeting held on May 18-19, 2016 has decided to keep BI Rate unchanged at 6.75 percent,” said BI said in a statement.

The central bank also maintained Deposit Facility (DF) rate at 4.75 percent and Lending Facility rate at 7.25 percent.



Meanwhile, BI 7-Day Repo Rate is also kept at 5.5 percent. “Thus, the term structure of Bank Indonesia’s monetary operation does not change,” it said. (*)

 

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Source: The Insiderstories
BI keeps BI Rate unchanged at 6.75%

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