Bank Indonesia

March 22, 2018

Indonesia’s seven-day reverse repo rate was last changed in September 2017 when such was sliced 25 basis points to 4.25%. The March monthly review kept it there as well as retaining the deposit facility rate and lending facility rate at 3.5% and 5.0%, respectively. The repo rate was also reduced by 25 bps in JuneĀ  and October of 2016 and August of last year. A released statement today highlights persistent risks such as global financial market volatility and the possibility of a global trade war but feels that enough monetary stimulus has been undertaken to promote ample growth. February inflation was within the target range. Trade is in deficit, and the rupiah lost some ground since the last policy review.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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