JAKARTA, Dec. 14 (Xinhua) -- Indonesian central bank, Bank Indonesia (BI), remained its seven-day Reverse Repo Rate at 4.25 percent, a BI senior official said here on Thursday.
The level of rate was considered for the consistent efforts to maintain the stability of the nation's macroeconomic, financial system and accommodate economic recovery.
"The rate would be effective from Dec. 15," BI Assistant Governor and Head of Economy and Monetary Policy Dody Budi Walujo said.
The move to remain the rate has nothing to do with the move of the United State's Federal Reserves which recently raised its key interest rate by 25 basis points to the range of 1.25 - 1.5 percent on the back of improving domestic economy, he said.
Dody said that Indonesia's economic parameters remained on track with 5.06 percent growth in the third quarter this year and yearly growth was still projected at 5.1 percent by the end of the year.
The central bank was optimistic that the inflation would remain controlled under the target of 4 percent plus-minus 1 percent by the end of the year.
