FX.co ★ Indonesia Increases Lending Facility Rate to 7% in April 2024

In a move to respond to economic conditions, Indonesia has raised its lending facility rate to 7% in April 2024. This adjustment marks an increase from the previous rate of 6.75% that was maintained since March 2024. The decision was made to address changing economic factors and ensure stability in the financial market.

The update on the lending facility rate was made public on 24 April 2024, indicating the government's commitment to proactive monetary policy. This change reflects Indonesia's efforts to navigate challenges and maintain a balanced approach to economic management. As the country continues to monitor market conditions, further adjustments may be implemented to support sustainable growth and stability in the future.