Bank Indonesia keeps benchmark rate at 3.5 per cent, lowers GDP growth projection

Bank Indonesia Governor Perry Warjiyo talks during a virtual press conference held after the central bank's two-day policy meeting on Jan 21. - Courtesy of Bank Indonesia/-

JAKARTA (The Jakarta Post/ANN): Bank Indonesia (BI) decided Tuesday (April 20) to maintain its benchmark interest rate at 3.5 per cent to safeguard the rupiah as uncertainty continues to haunt the global financial market.

Aside from maintaining the seven-day reverse repo rate, the central bank also held the deposit facility rate and lending facility rate at 2.75 per cent and 4.25 per cent, respectively.