Jakarta, Oct. 22 -- The Bank Indonesia (BI) has maintained its benchmark interest rate, or BI Rate, at 4.75 percent, marking the lowest level since 2022.

Governor of Bank Indonesia Perry Warjiyo said that since September 2024, the central bank has lowered the benchmark rate six times, from 6 percent to 4.75 percent, totaling a 150-basis-point reduction.

The adjustment is part of BI's policy mix strategy aimed at stimulating economic growth while maintaining macroeconomic stability.

Alongside the rate cuts, BI has strengthened rupiah stability through interventions in the offshore Non-Deliverable Forward (NDF) market and domestic operations via the spot market, Domestic NDF (DNDF), as well as through purchases of government securities (...