Bank Indonesia Reduced Key Interest Rate from 4.5% to 4.25%
Jakarta | 22nd September 2017
The Bank Indonesia Board of Governors reduced key interest rate by 25 bps from 4.50% to 4.25%, effective 25th September 2017.
” BANK INDONESIA LOWERED KEY RATE FROM 4.50% TO 4.25% “
The decision was consistent with low inflation, estimated to continue till the end of 2017, and 2018 and 2019 inflation projected to stay below the mid range of the target, as well as current account deficit under control within a healthy range. The rate cut is expected to support the ongoing improvements in banking intermediation and domestic economic recovery.
Official Press Release by Bank Indonesia
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