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Indonesia’s central bank holds its benchmark interest rate at 5.75 pct

JAKARTA, April 18 (Xinhua) — Bank Indonesia (BI) on Tuesday decided to hold the benchmark interest rate unchanged at 5.75 percent after a two-day meeting of the Board of Governors.

Governor of BI Perry Warjiyo said that this decision was part of the forward-looking monetary policy to secure the future fall in inflation.

“Bank Indonesia believes that the BI 7-Day Reverse Repo Rate (BI7DRRR) of 5.75 percen