BI maintains the benchmark interest rate at the level of 4.00%

BI Governor Perry Warjiyo announced the results of the BI Governor Board Meeting, Thursday (17/9/2020) via Youtube.

Reporter: Bidara Pink | Editor: I knew Laoli

KONTAN.CO.ID – JAKARTA. Bank Indonesia (BI) decided to keep the interest rate at the level of 4.00% in the BI Board of Governors (RDG) Meeting in September 2020.

In addition, the central bank also held the deposit facility rate at 3.25% and the lending facility rate at 4.75%.

“This decision considers the need to maintain the stability of the rupiah exchange rate in the midst of low inflation,” said BI Governor Perry Warjiyo, Thursday (17/9) via video conference.

Perry also said that the central bank will also continue to strive to encourage economic recovery from the impact of Covid-19.

Also Read: BI: Until September 16, 2020, the rupiah exchange rate had depreciated 6.42% from the end of 2019

However, BI prefers to emphasize the quantity route, through the provision of liquidity including support to the government in accelerating the realization of the 2020 State Budget.

To encourage the economy from the impact of Covid-19, bi will emphasize the quantity pathway through the provision of liquidity including support to the government in accelerating the realization of the 2020 State Budget.

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Reporter: Bidara Pink
Editor: did you know Laoli

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