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Dec 16, 2016 11:47:37

BI: Maintains 7D RR rate at 4.75%

On 15 December, BI decided to maintain its benchmark rate at 4.75%, with 4.00% deposit facility and 5.50% lending facility. Juda Agung, BI’s Executive Director, stated that the monetary easing, which has implemented in the recent months, should be well transitioned to boost economic growth in 2017. Going ahead, BI will watch out for global risks, especially from the US and China, as well as effect of higher administered prices to the inflation. (Bank Indonesia, Kontan)

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