Jumat, Juni 19, 2020

Bank Indonesia Lowers Benchmark Interest Rate

In an effort to maintain national economic stability and encourage an economic recovery amidst the ongoing Corona Virus Disease 2019 (COVID-19) pandemic, Bank Indonesia (“BI”) has decided to lower the BI seven-day reverse-repo rate from 4.50% to 4.25%.
BI has also decided to lower a number of other benchmark interest rates, including: 1) Deposit facility, from 3.75% to 3.50%; and 2) Lending facility, from 5.25% to 5.00%.
Moreover, BI has also noted the fact that domestic economic pressure is starting to ease somewhat, as can be seen in the fact that exports have not suffered the large contractions that were initially predicted. Furthermore, certain domestic trading sectors (i.e. retail, manufacturing, etc.) currently appear to be recovering towards reasonable levels. _(ANT)

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*Syarat dan ketentuan berlaku

In an effort to maintain national economic stability and encourage an economic recovery amidst the ongoing Corona Virus Disease 2019 (COVID-19) pandemic, Bank Indonesia (“BI”) has decided to lower the BI seven-day reverse-repo rate from 4.50% to 4.25%.
BI has also decided to lower a number of other benchmark interest rates, including: 1) Deposit facility, from 3.75% to 3.50%; and 2) Lending facility, from 5.25% to 5.00%.
Moreover, BI has also noted the fact that domestic economic pressure is starting to ease somewhat, as can be seen in the fact that exports have not suffered the large contractions that were initially predicted. Furthermore, certain domestic trading sectors (i.e. retail, manufacturing, etc.) currently appear to be recovering towards reasonable levels. _(ANT)

......

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