JAKARTA: Bank Indonesia (BI) has kept its key interest rate unchanged amid a weak rupiah exchange rate, but the central bank has pinned its hopes on portfolio inflows to lift the currency’s worth.
Following the central bank’s monthly policy meeting in Jakarta on Wednesday (March 19), BI Governor Perry Warjiyo announced in a press conference that the BI Rate remained at 5.75 per cent, which he said was “consistent with the endeavour to maintain inflation” and the “rupiah exchange rate” as well as “to push economic growth”.
