JAKARTA - Bank Indonesia's (BI) Board of Governors' Meeting on 18-19 November 2020 decided to lower the benchmark interest rate or the BI 7-Day Reverse Repo Rate by 25 basis points to 3.75%.
In addition, the central bank also lowered the Deposit Facility and Lending Facility rates by 25 bps each to 3.00% and 4.50% respectively.
According to BI Governor Perry Warjiyo, the decision took into account the low inflation forecast, maintained external stability, and as further measures to accelerate national economic recovery.
"Bank Indonesia remains committed to supporting liquidity, including Bank Indonesia's support for the government in accelerating the realisation of the 2020 State Budget," Mr Warjiyo said in a video conference broadcast on BI's official YouTube channel on Thursday (19/11). (MS)