After a two-day Board of Governors meeting on Tuesday, the central bank maintained its policy rate – the seven-day reverse repo rate – at 4.5 percent. Lending and deposit rates were also kept at 5.25 and 3.75 percent, respectively.
“This decision has taken into account the need to maintain external stability, including the rupiah exchange rate, amid greater global uncertainty, ” BI Governor Perry Warjiyo told reporters in a livestream briefing on Tuesday. “The central bank sees room for further interest rate cuts to boost the economy amid the low inflation rate.”