Bank Indonesia monetary policy

Bank Indonesia’s Benchmark 5.75% since February Was Retained

July 12, 2012

In the Great Recession, Bank Indonesia cut its key interest rates from 9.5% to 6.5%, a low that was then maintained from August 2009 until a 25-basis point rate hike in February 2011.  That tightening proved short-lived when officials eased anew by 25 bps last October, 50 bps in November and 25 bps to 5.75% […] More