BI rate kept at 7.5 percent

JAKARTA. The Bank Indonesia board of governors decided to keep the central bank's benchmark interest rate (BI rate) at 7.5 percent during a meeting on Tuesday.

“The board also decided to let the deposit interest facility stand at 5.5 percent and the lending interest rate facility at 7.25 percent,” BI governor Agus Martowardojo said, on Tuesday.

“BI will also continue to improve coordination with the government, especially in managing inflation and the current-account deficit,” he added.

Agus said that BI would keep inflation at between 3.5 percent to 5.5 percent in 2014.