BI keeps benchmark rate at 5.75% in July 2026 review
BI also held the deposit facility at 4.75% and lending facility at 6.5% while widening incentives to support the rupiah.
Republika, Antara News
BI also held the deposit facility at 4.75% and lending facility at 6.5% while widening incentives to support the rupiah.
Economists see tighter liquidity competition as rupiah deposit rates rose to 2.70% in May, up from 2.65% in April.
The benchmark rate has risen 100 bps in four weeks as Bank Indonesia seeks to draw capital inflows and curb pressure on the rupiah.
BRI, BNI, Bank Mandiri and BSI said liquidity, capital and asset quality remain strong enough to sustain lending.
The 25-basis-point off-cycle move is the first in eight years as reserves also come under pressure from market intervention.
Earlier: BRI keeps MSME lending steady after BI-Rate rises 25 bps to 5.5%Series: Indonesian Rupiah · Exchange Rate Slide · 5 chapters since Jun 3