The Bank of Indonesia kept its key 7-day reverse repurchase rate unchanged at a record low of 3.5% on March 17th of 2022, as widely expected, saying it was maintaining an accommodative monetary policy stance as long as necessary to support economic growth and keep inflation within the target, amid rising geopolitical risk in eastern Europe. The overnight deposit facility and lending facility rates were also left unchanged at 2.75% and 4.25%, respectively. The Bank maintained GDP growth estimates between 4.7%-5.5% for 2022. Meanwhile, CPI inflation is projected at around 3.0%+-1%. The annual inflation rate eased to 2.06% in February 2022 from 2.18% in the previous month
