FX.co ★ Indonesia Increases Deposit Facility Rate to 5.5% in April

In a move to control inflation and stabilize the economy, Indonesia has increased its Deposit Facility Rate to 5.5% in April 2024. This marks a 0.25% rise from the previous rate of 5.25% set in March 2024. The decision to raise the Deposit Facility Rate indicates the Central Bank's commitment to managing economic growth while keeping inflation in check.

The updated data was released on 24th April 2024, showing the Central Bank's proactive approach to respond to changing economic conditions. The increase in the Deposit Facility Rate aims to encourage saving, reduce consumption, and ultimately curb inflationary pressures. This adjustment demonstrates Indonesia's efforts to maintain a stable and resilient economy amidst global uncertainties.