Bank Indonesia Reduces Key Interest Rate to 5.50 Percent
(MENAFN) Bank Indonesia has reduced its key interest rate by 25 basis points, bringing it down to 5.50 percent. The central bank also adjusted the deposit facility rate to 4.75 percent and the lending facility rate to 6.25 percent. These changes were decided during the central bank’s board of governors meeting held over Tuesday and Wednesday.
According to Bank Indonesia Governor Perry Warjiyo, the rate cut reflects projections that inflation will remain subdued in 2025 and 2026, staying within the 2.5±1 percent target range. The move is also intended to help maintain a stable exchange rate in line with the country’s economic fundamentals.
"Monetary policy remains focused on macroeconomic stability, particularly inflation and the exchange rate, while also supporting national economic recovery and growth," Perry stated at a press briefing on Wednesday.
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