Asian interest rates

Bank Indonesia: A Somewhat Controversial Rate Reduction

February 9, 2012

Bank Indonesia’s benchmark interest rate was cut unexpectedly to 5.75% from 6.0%.  The cumulative decline since October has been 100 bps, and the new rate level is 75 bps lower than the post-Great Recession plateau of 6.50% from August 2009 until a 25-bp hike in February 2011.  That hike was later than the onset of […] More