Berlangganan Pro

Rabu, November 2, 2022 | Issue Number : 793

Draft Bill on the Development and Strengthening of the Financial Sector: Reform amid a Potential Global Economic Crisis

ID Indonesian translation

Overview

The threat of a worldwide recession caused by high inflation rates in various countries is now compelling central banks to aggressively raise their interest rates.[1] Indonesia is no exception here and a recent meeting of Bank Indonesia’s (“BI”) Board of Governors decided to increase the BI Seven-Day Reverse Repo Rate (BI7DRR) by 50 bps to 4.75%, the deposit facility interest rate by 50 bps to 4.00% and the lending facility interest rate by 50 bps to 5.50%.[2]

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Overview

The threat of a worldwide recession caused by high inflation rates in various countries is now compelling central banks to aggressively raise their interest rates.[1] Indonesia is no exception here and a recent meeting of Bank Indonesia’s (“BI”) Board of Governors decided to increase the BI Seven-Day Reverse Repo Rate (BI7DRR) by 50 bps to 4.75%, the deposit facility interest rate by 50 bps to 4.00% and the lending facility interest rate by 50 bps to 5.50%.[2]

......

Subscribe to read more legal analysis.

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University Solutions

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Lihat Detail

Pro AI

Terfavorit

Rp 8.200.000 /bulan

Lihat Detail

Pro Compliance

New

Rp 12.500.000 /bulan

Lihat Detail

*Syarat dan ketentuan berlaku

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