Asia
ECONOMY | Staff Reporter, Indonesia
view(s)

Indonesia cuts reverse repo rate to 4.5%

Lendings and deposit facility rates also fell by 25bps.

Bank Indonesia (BI) cut its benchmark 7-day reverse repo rate to 4.5%.

According to UOB, the lending and deposit facility rates also fell by 25bps to 5.25% and 3.75% respectively.

This is BI's first rate cut in ten months since October 2016.

Out of 28 analysts polled by Bloomberg, 6 expected the rate to move after BI Governor Agus Martowardojo said earlier this month that BI is not closed to the possibility of further easing.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.