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Indonesia raises benchmark banking interest rate to 4.25 pct

september 22, 2022by Reacties uitgeschakeld voor Indonesia raises benchmark banking interest rate to 4.25 pct

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JAKARTA, Sept. 22 (Xinhua) — Indonesia announced on Thursday to raise its benchmark banking interest rate by 50 bps to 4.25 percent to suppress inflation amid the impact of rising fuel prices and uncertainty in global financial markets.

The decision was made in a two-day meeting of the Board of Governors of Bank Indonesia, which also decided to increase the deposit and lending facility rates by 50 bps to 3.50 p

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