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Bank Indonesia Keeps Interest Rate Unchanged at 4.75%

-- Bank Indonesia kept its benchmark interest rate unchanged at 4.75%, following a two-day policy meeting on April 21 and April 22, in line with analysts' expectations, according to a Wednesday announcement by the country's central bank.

The deposit and lending facility rates were also maintained at 3.75% and 5.50%, respectively.

The central bank said the decision is aimed at supporting exchange rate stability and keeping inflation within its 2026-2027 target range of 2.5±1%. It is also an effort to stabilize the rupiah amid global uncertainties.

Bank Indonesia added it stands ready to further tighten monetary policy if needed to maintain currency stability and manage inflation. The macroprudential and payment system policies will continue to support credit growth, financial stability, and economic activity, the central bank said.

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