BI rate holds at 5.75 percent, deposit facility rate at 5 percent
Jakarta, Oct. 21 -- Bank Indonesia kept its benchmark interest rate unchanged at 5.75 percent on Wednesday, while raising its deposit facility rate by 25 basis points to 5 percent, Governor Destry Damayanti said.
The central bank also kept its lending facility rate unchanged at 6.5 percent.
"The decision is reinforced by an increase in policy incentives for hedging instruments under the Domestic Non-Deliverable Forward (DNDF) scheme with Bank Indonesia," she said during a press conference here.
The move aims to attract foreign capital inflows, maintain rupiah exchange rate stability, and deepen the domestic money and foreign exchange markets, Damayanti said.
Damayanti said the monetary policy remained consistent with the strategy of s...
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