
BI Lowers Interest Rate to 5.75%
Indonesian central bank Bank Indonesia (BI) has decided to lower the benchmark interest rate or the 7-Day Reverse Repo Rate (BI7DRR) by 25 basis points (bps) to 5.75 percent after maintaining the rate at 6.00 percent since November last year. The central bank has also lowered interest rates of deposit facility by 25 bps to […]