
Bank Indonesia Cuts Benchmark Rate to 5.50%
Bank Indonesia (BI) has decided to lower its benchmark interest rate (BI 7-day Reverse Repo Rate/BI7DRR) by 25 basis points (bps), from 5.75% to 5.50%. This decision was made at the BI Board of Governors’ meeting in Jakarta from Wednesday (21/8) to Thursday (22/8). “The Deposit Facility interest rate drops 25 bps to 4.75%, and […]