Bank Indonesia Cuts Interest Rate to 5.75 Percent
Translator
Ririe Ranggasari
Kamis, 18 Juli 2019 19:25 WIB
TEMPO.CO , Jakarta - Bank Indonesia (BI) finally decided to cut the benchmark interest rate after maintaining it at 6.00 percent for the last eight months. The central bank's board of governors' meeting for the month of July resulted in a decision to cut the 7day reverse repo rate (7DRRR) by 25 bps to 5.75 percent.
The decision was made based on two major factors; healthy inflation rate and the need to boost domestic growth.
BI Governor Perry Warjiyo said the central bank concluded that ongoing trade tensions "continue to pressure international trades and slowing down the global economy".
The BI Rate cut was also decided after taking into account the declines of the SUN (state bonds) coupons and the US treasury yields.
Yesterday, a market consensus lead by Bloomberg predicted that BI would cut the 7DRRR by 25 bps. Of the 33 economists surveyed, 27 predicted the cut correctly, while six others said BI would maintain the interest rate at 6.00 percent.
BISNIS
Sri Mulyani: Rupiah Weakens, Still Better Than Baht and Ringgit
2 hari lalu
Sri Mulyani: Rupiah Weakens, Still Better Than Baht and Ringgit
Finance Minister Sri Mulyani Indrawati said the rupiah exchange rate depreciated by 2.89 percent year-to-date (ytd) in the first quarter of this year.
Read More
BRI Claims to Bag Permit for Alipay Collaboration
5 hari lalu
BRI Claims to Bag Permit for Alipay Collaboration
Bank Indonesia admitted to having yet to receive the application for a formal permit from Alipay.
Read More
BI Comments on Alipay Operating Plan in Indonesia
10 hari lalu
BI Comments on Alipay Operating Plan in Indonesia
Bank Indonesia (BI) responds to issues of fintech giant Ant Group's plan to operate its Alipay payment in Indonesia.
Read More
Bank Mandiri Says BI Rate Hike Important Amidst Global Uncertainties, Fluctuations
11 hari lalu
Bank Mandiri Says BI Rate Hike Important Amidst Global Uncertainties, Fluctuations
State-owned Bank Mandiri (IDX: BMRI) reacted well to Bank Indonesia's (BI) decision to raise its benchmark interest rate.
Read More
Bank Indonesia Raises Key Interest Rate to 6.25% to Bolster Rupiah Stability
11 hari lalu
Bank Indonesia Raises Key Interest Rate to 6.25% to Bolster Rupiah Stability
Bank Indonesia has finally raised its benchmark interest rate to 6.25 percent.
Read More
Bank Indonesia Ensures Rupiah Stability is Maintained
16 hari lalu
Bank Indonesia Ensures Rupiah Stability is Maintained
Bank Indonesia (BI) ensures rupiah stability in anticipation of the impacts of global uncertainty.
Read More
BI: Indonesia's External Debt Remains Under Control in February 2024
16 hari lalu
BI: Indonesia's External Debt Remains Under Control in February 2024
BI said Indonesia's external debt (ULN) in February 2024 remained under control, Antara reported.
Read More
Apindo Demands BI Intervention to Remedy Plummeting Rupiah Exchange Rate
21 hari lalu
Apindo Demands BI Intervention to Remedy Plummeting Rupiah Exchange Rate
Apindo Chairperson Shinta Kamdani urged Bank Indonesia to take steps to prevent further deterioration of the Rupiah exchange rate.
Read More
Bank Indonesia: 176,000 People Exchanged Banknotes Ahead of Eid
26 hari lalu
Bank Indonesia: 176,000 People Exchanged Banknotes Ahead of Eid
Bank Indonesia (BI) recorded new money exchange volume reaching Rp1.13 trillion as of April 3, a week before Eid.
Read More
Spot the Spoof; Here's How to Detect Fake Rupiah Notes
27 hari lalu
Spot the Spoof; Here's How to Detect Fake Rupiah Notes
There is a foolproof way to distinguish real rupiah from counterfeit one called 3D (Dilihat, Diraba, Diterawang). Check here for the details.
Read More
Recomended
17 Juni 2022
17 Juni 2022
17 Juni 2022
17 Juni 2022
17 Juni 2022
16 Juni 2022
16 Juni 2022
16 Juni 2022
16 Juni 2022
16 Juni 2022