Bank Indonesia Policy Rate Cut

July 16, 2020

Monetary officials at a scheduled review at Bank Indonesia agreed to their fourth 25-basis point cut their main interest rate, which at 4.0% reaches its lowest level since 2010. Overnight deposit and lending rates also were sliced by 25 basis points. The lower interest rates are being complemented by an asset purchase program and warranted in light of inflation that slipped under 2% last month to its lowest pace in 20 years.

Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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