"At the Board of Governors meeting today, it was decided to keep the BIs key reference rate at 7.5 percent, with the lending facility rate and deposit facility rate staying unchanged at 7.5 percent and 5.75 percent, respectively," BI Governor Agus Martomardojo noted at a press conference held after the meeting.
He added that based on the total evaluation of the economy in 2013 and gauging the economic prospects in 2014 and 2015, it was found that the policy continues to be consistent with the efforts to lead inflation to a level between 3.5 to 5.5 percent in 2014 and 3 to 5 percent in 2015.
"The policy is also intended to control Indonesias economic adjustment so that the current account deficit can drop to a healthier level," he claimed.
The decision to maintain the BI reference rate at 7.5 percent is same as its rate in December 2013.
Agus pointed out that Bank Indonesia will continue strengthening the combination of monetary and macro-prudential policies.
In addition to that, BI would also scale up its coordination with the government with regard to controlling inflation and the current account deficit, including policies to improve the economic structure, he remarked.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2014
