On Thursday (June 18), the board of governors of Bank Indonesia (BI) decided to maintain the benchmark BI Rate at 7.50%, for five consecutive months, while keeping the Deposit Facility and Lending Facility rates at 5.50% and 8.00% respectively. The decision is congruous with efforts to control inflation within the target corridor of 4±1% in 2015 and 2016, as well as the efforts to manage the current account deficit at a healthier level in the range of 2.5-3.0% of GDP in the medium term.To subscribe please click here
