On Thursday (June 18), the Governing Board of Bank Indonesia (BI) decided to cut its 7-Day Reverse Repo Rate (BI-7DRR) by 25 basis points (bps) to 4.25%, Deposit Facility rate to 3.50%, and Lending Facility rate to 5.0%. The governors view the policy as consistent with efforts at maintaining economic stability and encouraging recovery in the COVID-19 era.

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