Bank Indonesia
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 June […] More
Bank Indonesia Keeps Policy Stance on Hold
February 15, 2018
The 7-day reverse repo rate, the deposit rate and the overnight lending facility rate were retained at 4.25%, 3.5%, and 5.0%, respectively, at the February monthly meeting of Bank Indonesia’s Board of Governors. A statement was released that reiterates the main points of January’s statement. Inflation lies with and is expected to stay in the […] More
Bank Indonesia
January 18, 2018
Indonesia’s seven-day repo rate of 4.25% since last September was again left unchanged. A released statement observes a more resilient domestic economy, including a sounder current account, low inflation supported by positive supply and demand factors and no major external pressures, ample capital inflows, a stable currency, and record reserves. The key central bank interest rate […] More
Bank Indonesia
December 14, 2017
Indonesia’s seven-day reverse repo rat has been at 4.25% since back-to-back 25-basis point cuts in August and September. This level was maintained at the final monetary policy review of 2017, along with a 3.5% deposit rate and a 5.0% overnight lending rate. Officials released at statement that calls Indonesia’s recovery “gradual and uneven” and “projects […] More
Bank Indonesia
October 19, 2017
Indonesia’s 4.25% seven-day reverse repo rate, which had been cut by 25 basis points each at successive previous reviews in August and September, was this time left unchanged, as too were the 3.5%overnight deposit facility rate and 5.0% lending facility rate. In September, officials had indicated that the main interest rate had reached a “neutral” […] More
Bank Indonesia
September 22, 2017
A follow-up cut in the seven-day reverse repo rate to 4.25% was announced today. An earlier cut a month ago of 25 basis points had been the first reduction since the sixth such move in 2016 was made in October. While easing today, Indonesian monetary officials claimed that their rate had now fallen to their […] More
An Unexpected Interest Rate Cut by Bank Indonesia
August 22, 2017
Indonesia became the latest central bank from an emerging market economy to cut its interest rates. The previous six changes, each like today’s move a cut of 25 basis points, were implemented from January to October in 2016. Then easing was stopped because officials worried that Fed rate normalization would expose the rupiah and Indonesian […] More
No Change Made in Indonesian Monetary Policy at Monthly Review
May 18, 2017
Bank Indonesia’s seven-day reverse repo rate has been at 4.75% since its sixth 25-basis point reduction of 2016 was implemented last October. This key rate will continue to be flanked symmetrically by a 4.0% overnight deposit facility rate and a 5.5% lending facility rate. Officials released a statement after their review defending the current stance and […] More
No Change in Indonesia Monetary Policy
April 20, 2017
As analysts expected, Bank Indonesia’s seven-day reverse repo rate, the main policy benchmark, was left at 4.75%, the level since a sixth and final 25-basis point reduction made during 2016. This occurred last October and followed similar moves in January, February, May, June, and September. Monetary officials also left their overnight deposit and lending rates […] More
Bank Indonesia
March 16, 2017
The reverse repo rate, deposit rate, and central bank lending facility rates were held steady as expected in Indonesia at 4.75%, 4.0%, and 5.5% as expected. A released statement projects continuing growth improvement but amid a number of risks that bear watching. Officials during February observed contained inflation, a trade surplus and a rise in the […] More
