BI Mantained The Benchmark Rate at 6.50% and the BI 7-Day (Reverse) Repo Rate at 5.25%

Economic Research	22 July 2016
Indonesia
Economic Highlights
BI Mantained The Benchmark Rate at 6.50% and the BI 7-Day (Reverse) Repo Rate at 5.25% Bank Indonesia (BI) board of governors’ meeting decided to maintain the BI rate at 6.50% on 21st July 2016. Similarly, the lending and deposit facility rates were also maintained at 7.00% and 4.50% respectively. In addition, BI announced that the BI-7 Day (Reverse) Repo rate, which will become the benchmark rate effective on 19 August 2016, would be maintained as well at 5.25%. The decision was made given that inflation remains low, current account deficit remains healthy and the currency is relatively stable. Meanwhile, BI assures that looser monetary and macroprudential policies will bolster economic growth momentum in the period ahead. Economist:  Rizki Fajar| +6221 29707065
To access our recent reports please click on the links below: 18 Jul: Exports Continue to Improve while Imports Remain Weak 04 Jul: Inflation Bounces Back in Juni 01 Jul: Money Supply and Loan Growth Finally Pick- Up 17 Jun: BI Cut The Benchmark Rate to 6.50% and the BI 7-Day (Reverse) Repo Rate at 5.25% 16 Jun: Both Exports and Imports Improve 08 Jun: 2016 State Budget Draft Revison: Tax Amnesty To The Rescue