Bank Indonesia raises its benchmark interest rate 25 basis points

Bank Indonesia raises its benchmark interest rate 25 basis points

Governor of Bank Indonesia Perry Warjiyo (ANTARA News/Citro Atmoko)

Jakarta (ANTARA News) - Bank Indonesia on Thursday raised its benchmark interest rate by 0.25 percentage point to 5.75 percent a day after the U.S. Federal Reserve raised its fund rate.

"This is consistent with the commitment to reducing the current account deficit to a safe level and to make the country`s financial market more attractive, give greater attraction to Indonesian financial market," Governor of the Indonesian Central Bank Perry Warjiyo said in a short press conference after a monthly meeting of the central bank here on Thursday.

Earlier Perry said the central bank would keep to ahead of the curve to protect the country currency rupiah.

Reporting by Indra Arief Pribadi
Editing by A Saragih, Yoseph

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