TEMPO.CO, Nusa Dua, Bali -The soon-to-be implemented policy of Bank Indonesia, 7 day repo rate, has received positive review from the market.
Analyst from the Samuel Sekuritas, Rangga Cipta, said that it can help rebound Bank Indonesia's credibility. "The 7-day repo rate can maintain market's expectation to BI," said Rangga.
Rangga is optimistic that the policy can also encourage investment. "Economic transmission will be faster. It will have an impact on other sectors," he said.
However, Rangga said that the market still knows a little about the policy.
The 7-day repo rate will be implemented on August 19, 2016. The campaign has begun since April. In the transitional period, Bank Indonesia will maintain BI rate as interest, while the 7-day repo rate will be monetary interest rate (term structure).
PUTRI ADITYOWATI