Indonesia Leaves Monetary Policy Unchanged


The Bank Indonesia left its benchmark interest rate on hold at 7.50 percent on July 14th 2015 as widely expected. The lending facility and the deposit facility rate were also left unchanged at 8.0 percent and 5.5 percent respectively.

Excerpt from the statement by the Bank Indonesia:

The decision is congruent with efforts to control inflation within the target corridor of 4±1% in 2015 and 2016. The policy mix of Bank Indonesia is consistently directed towards maintaining macroeconomic stability, despite widespread global uncertainty, as well as preserving growth through accommodative macroprudential policy. Furthermore, Bank Indonesia constantly strengthens policy coordination with the government in terms of inflation control and expedites fiscal stimuli in order to catalyse economic growth. In addition, Bank Indonesia supports central and local government efforts to accelerate budget realisation, including infrastructure projects, while persevering with a variety of structural reforms as the key to a sounder domestic economic outlook.

 Indonesia Leaves Monetary Policy Unchanged


Bank Indonesia | Joana Taborda | joana.taborda@tradingeconomics.com
7/14/2015 11:38:31 AM