The Bank of Indonesia kept its key 7-day reverse repurchase rate unchanged at a record low of 3.5% on April 19th of 2022, as widely expected, to support the economic recovery, although it recognized risks from rising inflation.
The headline inflation rate climbed to 2.64% in March, still well below the central bank target ceiling of 4%, although the cost of food, utilities, and fuels continued to accelerate. The board also left the overnight deposit facility and lending facility rates unchanged at 2.75% and 4.25%, respectively.
