Bank Indonesia holds rates at 5.75%
Central bank faces dilemma of whether to prioritise bolstering growth or propping up currency
Indonesia’s central bank today (February 19) held its policy rate at 5.75%.
Bank Indonesia (BI) maintained its benchmark seven-day reverse repurchase rate at 5.75%. It also held its deposit facility and lending facility rates at 5% and 6.5% respectively.
In a statement, BI said growth remained robust but needed to be encouraged further. Indonesia registered 5.03% GDP growth in 2024, roughly the same level as in the previous two years but falling short of the government’s 8% target. The central
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