Bank Indonesia Kept Interest Rate Unchanged at 4.75%
Jakarta | 20th July 2017
Bank Indonesia kept BI 7-Day Reverse Repo Rate unchanged at 4.75% to maintain stability and promote national economic recovery momentum. The process of domestic economic recovery continues albeit not as strong as previously projected, especially due to consumption slowdown despite an increase in investment.
” Key Interest Unchanged at 4.75% to maintain stability and promote national economic recovery momentum “
Pressures on inflation are expected to decrease below previous expectations, due to week demand and controllable food price. Bank Indonesia predicts the 2017 national economic growth to stay within the 5.0-5.4% range.
Official Press Release by Bank Indonesia
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