On Thursday (April 21), the central bank (Bank Indonesia/BI) decided to hold its benchmark BI Rate at 6.75%, while maintaining the Deposit Facility and Lending Facility rates at 4.75% and 7.25% respectively. In line with the plan to reformulate its policy rate, as announced on April 15th 2016, BI also announced the BI 7-Day (Reverse) Repo rate, which was also maintained at 5.5%. With that, Bank Indonesia’s term structure of monetary operations are:
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