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Indef Predicts Further BI Rate Cut to 6.5 Percent

Translator

Editor

21 April 2016 09:26 WIB

Bank Indonesia logo.

TEMPO.CO, Jakarta - Bank Indonesia (BI) will announce its new reference rate (BI Rate) today, Thursday, April 21, 2016.

Eko Listianto, economist with the Institute for Development of Economics and Finance (Indef), predicted that BI would cut its rate further by 25 basis points to 6.5 percent.

Eko viewed that although BI introduced the 7-day Repo Rate, the BI Rate cut was still likely considering the appreciation of rupiah against the US dollar.

“The inflation rate is low, and it will be even lower for April. The trade balance also recorded a surplus,” Eko explained.

BISNIS.COM


Banking and FinanceBank Indonesia


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