Bank Indonesia Again Maintains BI-Rate At Level 5.75 Percent

BI Governor Perry Warjiyo (Photo: Aris Nurjani/VOI)

JAKARTA - Bank Indonesia (BI) decided to maintain the benchmark interest rate or BI-Rate by 5.75 percent at the Board of Governors Meeting (RDG) on April 22, 2025 and April 23, 2025.

Bank Indonesia Governor Perry Warjiyo said BI also maintains deposit facility interest rates and lending facility rates of 5 percent and 6.50 percent, respectively.

"The Meeting of the Board of Governors (RDG) of Bank Indonesia on April 22 and April 23, 2025 decided to maintain the BI-Rate by 5.75 percent," Perry said at a press conference, Wednesday, April 23.

According to Perry, this decision is consistent with efforts to keep the inflation forecast for 2025 and 2026 under control in the target set by the government at 2.5 percent plus minus 1 percent.

In addition, as well as maintaining the stability of the rupiah exchange rate which is in accordance with the fundamentals amid global uncertainty which is still high and also supports economic growth.

In the future, Perry said that Bank Indonesia will continue to pay close attention to the space for lowering the BI Rate interest rate by considering the stability of the rupiah exchange rate, as well as the prospect of inflation and the need to encourage economic growth.

Meanwhile, Perry conveyed that macroprudential policies and payment systems were continuously optimized to support sustainable economic growth.

"The policy of macroprudential liquidity incentives has been strengthened on April 1, 2025, to further encourage bank financing credit in priority sectors that support growth and job creation in line with the government's asta program," he said.

In addition, payment system policies are also directed to contribute to supporting economic growth, especially in the trade sector and MSMEs, by strengthening the reliability of infrastructure and the industrial structure of payment systems, as well as expanding the acceptance of payment system digitization.

Perry conveyed the direction of the mix of monetary, macroprudential, and payment systems to maintain stability in order to strengthen sustainable economic growth.