The Bank of Indonesia Maintains Key Interest Rate at 4.75% Amid Global Uncertainty

The Bank of Indonesia (BI) decided to keep its benchmark interest rate (BI-Rate) at 4.75% in the 16-17 December Board of Governors Meeting, while Deposit Facility and Lending Facility rates remain at 3.75% and 5.5%, respectively. The decisions are aimed to maintain Rupiah stability amidst the global uncertainty as well as to strengthen the effectiveness of the previous monetary easing policies and macroprudential to boost economic growth.