16 September 2019 (closed)
USD/IDR (13,950) -102.00 -0.73%
EUR/IDR (15,437) -34.88 -0.23%
Jakarta Composite Index (6,219.44) -115.41 -1.82%
Again, it came as a surprise to us that Indonesia’s central bank (Bank Indonesia) decided to cut its benchmark interest rate (the BI Seven-day Reverse Repo Rate) by 25 basis points (bps) to 5.50 percent at the monetary policy meeting of August that was organized on 21-22 August 2019.
Meanwhile, Bank Indonesia also cut its deposit facility rate and lending facility rate by 25 bps to 4.75 percent and 6.25 percent, respectively. The deposit facility is the facility for banks in Indonesia with excess liquidity that can be placed at Bank Indonesia, while the lending facility is the facility for banks that experience liquidity problems.
Read the full article in the August 2019 edition of our monthly research report. You can purchase the report by sending an email to email@example.com or a WhatsApp message to the following number: +62(0)8788.410.6944
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