Indonésia Taxa De Juros

The Bank of Indonesia kept its key interest rate unchanged at 6% for the fifth consecutive time during its March 2024 meeting, in line with market expectations, aiming to ensure headline inflation remains within the target of 2.5±1% this year while supporting economic growth and strengthening the rupiah's stability. The central bank also left the overnight deposit and the lending facility at 5.25% and 6.75%, respectively. Bank Indonesia Governor Perry Warjiyo reiterated that BI sees room to cut interest rates in the second half of this year, with inflation remaining within target through 2025. Additionally, the board held its growth forecast for 2024 at 4.7% to 5.5%, mainly boosted by household consumption and fixed investment. Meanwhile, the current account deficit forecast was unchanged between 0.1% to 0.9% of GDP, with the deficit in the first quarter of 2024 likely widening slightly due to falls in goods surplus balance.