Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

Tempo English
Support Tempo
LOGIN REGISTER
image-bahasa
image-language

JCI Closes Up after Bank Indonesia Rate Cut

Translator

Ririe Ranggasari

Editor

Laila Afifa

19 November 2020 20:46 WIB

TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) closed Thursday's trade with a gain following Bank Indonesia's decision to cut the interest rate benchmark. The JCI climbed 0.66 percent to close the day at 5,594.06.

The Bank Indonesia Board of Governors Meeting on November 18-19 resulted in the decision to cut the BI 7-Day Reverse Repo (7DRR) Rate by 25 bps to 3.75 percent. BI also cut the deposit rate by 25 bps to 3 percent, and the lending rate by 25 bps to 4.5 percent.

Bina Artha Sekuritas analyst M Nafan Aji Gusta said that rate cuts are an effort to support government programs in accelerating the national economic growth recovery.

By sector, eight sector indexes gained, with property climbing the highest by 2.34 percent. Mining and industry came second and third with 1.38 percent and 1.22 percent.  

Today's trade close was also marked by Rp289.06 billion in foreign buys.

Read: Minister of Economy Waits Private Sector Investments to Boost Q4

Antara

JCIJakarta Composite Index (JCI )Bank IndonesiaTradeeconomic growth


Recommended

11 Countries with Highest Salary in Southeast Asia, Singapore Ranks 1st

23 jam lalu

11 Countries with Highest Salary in Southeast Asia, Singapore Ranks 1st

With continued economic growth and investment flowing into the region, several Southeast Asian countries offer high salaries to their citizens.


Jokowi: Trade Deficit in IT Device Sector Reaches US$2.1 Billion

2 hari lalu

Jokowi: Trade Deficit in IT Device Sector Reaches US$2.1 Billion

Jokowi laments that imported goods still dominate the domestic market for technological and communication devices.


BPS: Indonesia's Economic Growth in Q1 of 2024 Highest Since 2015

3 hari lalu

BPS: Indonesia's Economic Growth in Q1 of 2024 Highest Since 2015

BPS reported that Indonesia's economy grew by 5.11 percent year-on-year (yoy) in the first quarter of 2024.


Retno Marsudi Invites Gambian Govt to Attend Upcoming Indonesia-Africa Forum in Bali

3 hari lalu

Retno Marsudi Invites Gambian Govt to Attend Upcoming Indonesia-Africa Forum in Bali

Retno Marsudi invited the Gambian government to attend the second Indonesia-Africa Forum scheduled for September 3-4 this year in Bali.


Halal Certification Mandatory Policy Should Not be Postponed, Trade Minister Says

4 hari lalu

Halal Certification Mandatory Policy Should Not be Postponed, Trade Minister Says

Indonesia's Trade Minister Zulkifli Hasan says that the policy necessitating products to have halal certificates by October 2024 must not be postponed


Sri Mulyani: Rupiah Weakens, Still Better Than Baht and Ringgit

5 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.


BRI Claims to Bag Permit for Alipay Collaboration

9 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.


Indonesia, Vietnam Target Bilateral Trade of US$18 billion by 2028

14 hari lalu

Indonesia, Vietnam Target Bilateral Trade of US$18 billion by 2028

Indonesia, and Vietnam have agreed to target bilateral trade worth US$18 billion or more by 2028.


BI Comments on Alipay Operating Plan in Indonesia

14 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.


Bank Mandiri Says BI Rate Hike Important Amidst Global Uncertainties, Fluctuations

14 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.