Indonesia’s central bank delivers surprise 25 bps rate cut
Governor Warjiyo notes that the decision was partly influenced by the increasingly clear trajectory of US monetary easing policy
Add BT as a preferred source
[JAKARTA] Bank Indonesia (BI) unexpectedly cut its benchmark interest rate on Wednesday (Sep 18), marking its first reduction since February 2021.
The central bank lowered the rate by 25 basis points (bps) to 6 per cent, confounding analysts who did not expect it to move preemptively ahead of the US Federal Reserves.
It also cut the overnight deposit facility and lending facility rates to 5.25 per cent and 6.75 per cent, respectively.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Manulife pulls loan product for rich Hong Kong clients after scrutiny
