JAKARTA Aug 14 Indonesia's central bank kept
its benchmark reference rate unchanged at 7.50 percent, as
widely expected, at a policy meeting on Thursday.
"The rate is consistent to drive inflation to Bank
Indonesia's target of 4.5 percent with more or less 1 percent
and to lower the current account deficit towards a healthier
level," Bank Indonesia Governor Agus Martowardojo told a press
The policy rate has been kept unchanged since
All analysts in a Reuters poll expected the central bank to
keep the policy rate steady to narrow current account deficit,
despite much lower annual inflation and against lower economic
The governor said the current account deficit in the second
quarter reached 4.27 percent of gross domestic product, higher
than analysts' forecast of 4 percent.
After the current account gap was announced, the rupiah
pared some of its gains for the day and was at 11,680
to the dollar. It had ended Wednesday at 11,690.
The central bank also left the overnight deposit facility
rate, or FASBI, and the lending facility rate at 5.75 percent
and 7.50 percent, respectively.
Announcement date Rate (percent)
For more historical data, please see
(Reporting by Adriana Nina Kusuma, Nilufar Rizki and Jongwoo
Cheon; Writing by Gayatri Suroyo; Editing by Richard Borsuk)