Bank Indonesia keeps rates unchanged
Central bank sees room for cuts in fourth quarter, governor says
Bank Indonesia (BI) today (August 21) held its key interest rates, stressing its focus on stabilising the rupiah.
In a widely expected decision, the central bank kept the benchmark seven-day reverse repurchase rate at 6.25%, a level that has been unchanged since April.
It also kept its overnight deposit and lending rates at 5.5% and 7%, respectively.
In a statement, BI said its decision remained consistent with its goals to further stabilise the rupiah and keep inflation within its target band of 1
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
ECB cuts rates by 25bp
Eurozone growth projections revised downwards as German economy slows
Japan should gradually raise rates to around 1% – BoJ’s Tamura
Board member considers this to be country’s neutral interest rate
RBA reforms in limbo amid opposition
Opposition says it will not support government proposals
FOMC members signal rate cut
Waller, Bostic, Daly, Schmid, Goolsbee and Williams speak towards balancing both sides of dual mandate
LatAm rate hikes consistent with pre-Covid strategy – BIS paper
Region’s central banks did not become more hawkish during pandemic, researchers argue
RBA’s Bullock says talk of rate cuts is ‘premature’
Governor says keeping down inflation helps support bank’s objective of maximising employment
ECB’s Cipollone positive about September rate cut
Data “confirms our direction of travel”, board member says
Malaysia holds policy rate
Decision comes after country posts 5.9% year-on-year growth in Q2 and currency rebounds