Bank Indonesia (BI), decided to lower its benchmark BI Rate on Tuesday (Feb 17) by 25 basis points to 7.50%. The Deposit Facility rate also came down 25 bps to 5.50% with the Lending Facility rate maintained at 8.00%. BI is convinced that inflation will remain under control at the lower end of the 4±1% range in 2015 and 2016. The current policy direction is consistent with BI’s efforts to reduce the current account deficit to a more sustainable level.To subscribe please click here
