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

BI Raises Benchmark Rate to 6 percent

Translator

Editor

15 November 2018 18:48 WIB

Logo of Indonesia's central bank, Bank Indonesia. REUTERS/Fatima El-Kareem

TEMPO.CO, Jakarta - Bank Indonesia (BI) decided to increase the 7-Day Repo (7DRR) rate by 25 bps to 6.00 percent. This came as a result of the central bank's board of governors' meeting that ended today.  

"The decision is Bank Indonesia's next step in reinforcing efforts to curb the current account deficit until it is within a safe territory," BI governor Perry Warjiyo said in Jakarta, Thursday, November 15.

Bank Indonesia had announced that the current account deficit (CAD) in Q3/2018 reached US$8.8 billion, or 3.37 percent to the gross domestic product (GDP).

Perry said the rate hike would also make domestic financial assets more attractive to investors and help Indonesia's economy in anticipating the increase of global interest rates over the next several months. 

In addition to the 7DRR hike, BI also decided to raise the deposit facility rate and the lending facility rate by 25 bps each to 5.25 percent and 6.75 percent, respectively.

Caesar Akbar | Hendartyo Hanggi 



Bank Indonesia to Start Office in IKN Starting August 17

7 hari lalu

Bank Indonesia to Start Office in IKN Starting August 17

Bank Indonesia will have its office in the Nusantara Capital City (IKN) starting August 17, 2024, according to BI Governor Perry Wijaya.


Bank Indonesia Readies Rp197.6 trillion for Ramadan, Eid al-Fitr Season

13 hari lalu

Bank Indonesia Readies Rp197.6 trillion for Ramadan, Eid al-Fitr Season

Bank Indonesia projects that the country will require over Rp197.6 trillion this Ramadan and Eid al-Fitr season.


Bank Indonesia: Single Round Election May Help Economy Grow More than 5.1%

23 hari lalu

Bank Indonesia: Single Round Election May Help Economy Grow More than 5.1%

Bank Indonesia (BI) Governor Perry Warjiyo is confident that Indonesia's economic growth will exceed 5.1 percent in 2024.


Bank Indonesia Estimates 2024 Global Economic Growth at 3%, Weaker Than Last Year

28 hari lalu

Bank Indonesia Estimates 2024 Global Economic Growth at 3%, Weaker Than Last Year

Bank Indonesia says the global economy this year will be weaker compared to 2023.


Bank Indonesia: 2023 E-Commerce Transaction Hits Rp454 Trillion

34 hari lalu

Bank Indonesia: 2023 E-Commerce Transaction Hits Rp454 Trillion

Bank Indonesia stated that the digital economy and finance are poised to be a game changer in the country's economic landscape.


Bank Indonesia Maintains 6 Percent Benchmark BI Rate, Rupiah Closes Stronger

36 hari lalu

Bank Indonesia Maintains 6 Percent Benchmark BI Rate, Rupiah Closes Stronger

Bank Indonesia Maintains 6 Percent Benchmark Interest Rate, Rupiah Closes Stronger


Central Bank Notes Indonesia's Property Price Hike in Q2/2023

37 hari lalu

Central Bank Notes Indonesia's Property Price Hike in Q2/2023

Bank Indonesia or BI said that the price of the property will increase further in Q4/2024, as seen from the BI's Residential Property Price Survey.


Bank Indonesia Must Maintain Interest Rate, Economist Says

47 hari lalu

Bank Indonesia Must Maintain Interest Rate, Economist Says

Economists said that Bank Indonesia must maintain interest rate


Bank Indonesia: Red Sea Conflict Delays Goods Distribution

50 hari lalu

Bank Indonesia: Red Sea Conflict Delays Goods Distribution

Bank Indonesia said that the conflict in the Red Sea is hampering the distribution of goods, including to Indonesia.


Bank Indonesia to Hold International Tourism Fair in Bali, Nusa Tenggara Mid-year

54 hari lalu

Bank Indonesia to Hold International Tourism Fair in Bali, Nusa Tenggara Mid-year

Bank Indonesia's Office for Bali, West Nusa Tenggara and East Nusa Tenggara is preparing a set of international tourism activities in June and July.