JAKARTA, April 22 (Xinhua) -- Indonesia's central bank, Bank Indonesia, maintained its benchmark interest rate at 4.75 percent following a two-day board of governors meeting.
The central bank also kept the deposit facility rate at 3.75 percent and the lending facility rate at 5.50 percent to strengthen the effectiveness of monetary policy in stabilizing the rupiah exchange rate.
This decision remains consistent with efforts to enhance the effectiveness of interest rate structure adjustments in monetary operations, aimed at strengthening the stabilization of the rupiah exchange rate against deteriorating global conditions caused by the Middle East conflict, Bank Indonesia Governor Perry Warjiyo said at a press conference.
The policy is also aimed at keeping inflation within the target range of 2.5 percent plus or minus 1 percent for 2026-2027.
Bank Indonesia reaffirmed its readiness to further strengthen monetary policy through foreign exchange market intervention, liquidity management, as well as macroprudential and payment system policies to support credit growth and sustainable economic expansion. ■