September 22, 2017
By CentralBankNews.info
Indonesia’s central bank cut its benchmark 7-day reverse repurchase rate (RR) by a further 25 basis points to 4.25 percent,
It is the second month in a row that Bank Indonesia (BI) has cut its rate and has now cut it by 50 basis points this year. In addition to the 7-day repo rate, BI also cut the deposit rate by 25 points to 3.50 percent and the lending facility rate by 25 points to 5.0 percent.
From January through June last year BI lowered its previous benchmark rate four times by a total of 100 basis points and then cut the current RR rate by a total of 50 basis points in August and October 2016.
