Bank Indonesia
Bank Indonesia’s Policy Rates Left the Same
July 21, 2016
The main BI interest rate had be cut in four steps, most recently in June, from 7.5% to 6.5% earlier this year, and a statement released after this month’s decision not to ease further now suggests that more rate cuts lie ahead. As of next month, the operative policy rate will switch to the seven-day […] More
A 25-Basis Point Central Bank Rate Cut in Indonesia
June 16, 2016
Bank Indonesia cut the BI Rate, which had been reduced by 25 basis points each in February 2015 and January, February and March of this year, was cut to 6.5% from 6.75%. A released statement cited ” low inflation, a narrower current account deficit and relatively stable exchange rates” and opined that “the new policy […] More
South African Monetary Tightening Paused
May 19, 2016
The South African Reserve Bank’s repo rate had been raised by a percentage point in three moves between January 2014 and July 2015 and lifted by another 100 basis points in three successive monetary policy committee meetings in November 2015, January 2016 and, most recently, March 17, 2016. Today’s decision to leave the repo rate […] More
Bank Indonesia
May 19, 2016
A 6.75% BI has been retained. This was a second straight month without a change in the monetary stance following 25-bp cuts in each of the first three months of 2016. The statement released today suggests that additional cuts could occur. Inflation is within the 1-4% target. The current account deficit is shrinking, and the […] More
Bank Indonesia
April 21, 2016
Having implemented 25-basis point cuts in the BI rate in each month of last quarter, Indonesia’s central bank board of governors kept the rate unchanged at 6.75% at its April monthly meeting. There was also an earlier 25-basis point cut in February 2015, so the current level is a full percentage point lower that the […] More
A Focus on Central Banks, Commodities and China
April 21, 2016
The ECB just announced decisions from today’s third Governing Council meeting of the year. No further rate changes were enacted. At the prior meeting on March 10, the refinancing rate was sliced 5 basis points to 0.0%, the deposit rate was moved 10 basis points more deeply into the red to -0.40%, and the marginal […] More
Bank Indonesia Interest Rate Cut 25 Basis Points in Third Straight Month
March 17, 2016
The BI Rate has been cut to 6.75% from 7.0%. Reductions of 25 basis points were also implemented in January 2015 and each of the first two months of 2016. The central bank’s deposit and lending facility rates were likewise cut 25 bps to 4.75% and 7.25%. The Board of Governors released a statement that […] More
Another Indonesian Central Bank Interest Rate Cut
February 18, 2016
Policymakers at Bank Indonesia reduced the BI rate, the lending facility rate and the deposit facility rate by 25 basis points each to 7.0%, 7.5% and 5.0%. This was the third decline in a year, after similarly-sized moves in February 2015 and January 2016. Officials also cut the primary reserve requirement by a full percentage […] More
Bank Indonesia
January 14, 2016
In the face of persistent softer-than-hoped Indonesian growth in spite of prior macroprudential policy easing, monetary officials cut the BI interest rate by 25 basis points to 7.25%. A prior 25-bp reduction in February 2015 ha reversed a 25-bp rate hike in November 2014, and between June and November of 2013, the interest rate was […] More
Bank Indonesia
December 17, 2015
Monetary authorities in Indonesia also left their key interest rate unchanged after their latest review. The BI rate has been at 7.5% since a 25-basis point cut in February, and a statement released today reveals that officials are hoping conditions will allow them to ease further next year. ” Bank Indonesia believes that rooms for […] More
