Bank Indonesia

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

Indonesia’s Reserve Requirement Lowered 50 Basis Points

November 17, 2015

At the November Board of Governors meeting at Bank Indonesia, officials agreed to ease monetary policy via a reduced via a reduction of the primary reserve requirement in Rupiah from 8.0% 7.50.  The BI reference interest rate and the central bank deposit rate were left unchanged at 7.5% and 5.5%, respectively.  These had been cut […] More

Bank Indonesia: Policy Unchanged as Expected

October 15, 2015

The rupiah’s vulnerability continues to impede the central bank’s ability to cut the 7.5% BI interest rate.  From a peak of 7.75% after 200 basis points of increase between June and November of 2014, there has been just one cut in February of this year.  Rupiah depreciation has caused inflation to elevate, with a 6.83% […] More

Bank Indonesia Keeps the BI Interest Rate at 7.5%

September 17, 2015

Indonesia has been battling comparatively high CPI inflation for some time.  In 2013 a string of BI rate hikes raised such by 175 basis points between June and November, and another 25-basis point increase one year later brought the benchmark up to 7.75%.  Indonesia also has experienced a slowdown in growth, which dropped below the […] More

Bank Indonesia

July 14, 2015

The BI interest rate benchmark was again kept at 7.5%.  The 5.5% deposit rate and 8.0% lending facility rate were likewise not changed at the July Policy Board meeting.  In a a compressed span between June and November 2013, the BI rate was lifted by 175 basis points to its present 7.5%.  Last November, officials […] More

Bank Indonesia

June 18, 2015

The released statement following this month’s Board of Governors’ meeting expresses satisfaction with the current monetary policy stance, anchored since February by a BI interest rate of 7.50%.  Officials at the central bank believe the current interest rate structure meets their policy priorities: The decision is congruous with efforts to control inflation within the target […] More

Bank Indonesia Retains BI Rate of 7.5%

May 19, 2015

The May meeting of the Board of Governor concluded with today’s released statement keeping Indonesia’s 7.5% main reference interest rate and laying policy objectives: The BI Board of Governors decided on 19th May 2015 to hold the BI Rate at 7.50%, while setting the Deposit Facility and Lending Facility rates at 5.50% and 8.00% respectively. […] More

Indonesian Monetary Policy Stance Not Changed This Month

April 14, 2015

The BI central bank interest rate was kept at 7.5% after this month’s policy meeting.  A released statement projects stronger growth in the second than first quarter and observes a softer rupiah against the dollar since the March meeting.  CPI inflation stands at 6.38%, but an in-target (3-5%) outcome is expected in 2015.  The BI […] More

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