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BI maintains rate at 3.5%

21 September 2021 14:58

JAKARTA - The Bank Indonesia Board of Governors (RDG) meeting on September 20-21 2021 decided to maintain the BI 7-Day Reverse Repo Rate (BI7DRR) at 3.50%, the Deposit Facility interest rate at 2.75%, and the interest rate Lending Facility of 4.25%. This decision is in line with the need to maintain stability in the exchange rate and financial system, amidst low inflation forecasts and efforts to support economic growth.

"In addition, Bank Indonesia also continues to optimize the entire policy mix to maintain macroeconomic and financial system stability and support further economic improvement efforts, through various measures," said Perry Warjiyo, Governor of Bank Indonesia at a press conference today.

Bank Indonesia continues to strengthen policy synergies with the Government and the Financial System Stability Committee (KSSK) in order to maintain financial system stability and increase credit/financing to businesses in priority sectors to encourage economic growth, exports, and economic and financial inclusion. (LM)

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