Jakarta - The Board of Governors Meeting of Bank Indonesia decided to maintain the BI 7-Day Reverse Repo Rate (BI7DRR) at 3.50%.

"In addition, we will maintain the Deposit Facility interest rate at 2.75% and the Lending Facility interest rate at 4.25%," BI Governor Perry Warjiwo said online in Jakarta on Tuesday (5/24).

According to Perry, this decision is in line with the need to control inflation and maintain exchange rate stability, as well as continue to encourage economic growth amidst high external pressures related to geopolitical tensions between Russia and Ukraine and the acceleration of normalization of monetary policy in various developed and developing countries.

"The global economic recovery continues, but the risk is lower than previously estimated, accompanied by rising inflation and accelerated normalization of monetary policy in various countries," he said.

Furthermore, the improvement in the domestic econo