BI Maintains Interest Rate

The central banks interest rate hike is halted. The meeting of Bank Indonesias Board of Governors last week decided to maintain the rate at the level of 12.75 percent after its continuous rise to absorb inflation, which last year reached 17.11 percent.

Head of the Directorate of Strategic Planning and Public Relations of BI, Rizal A. Djaafara, said the central bank continued to implement its tight monetary policy to contr