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Indonesia’s central bank raises benchmark interest rate to 6 pct

oktober 19, 2023by Reacties uitgeschakeld voor Indonesia’s central bank raises benchmark interest rate to 6 pct

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JAKARTA, Oct. 19 (Xinhua) — Indonesia’s central bank, Bank Indonesia (BI), announced here on Thursday an increase of 25 basis points in the benchmark interest rate to 6 percent amid increasing global uncertainty.

The deposit facility interest rate was also raised to 5.25 percent, while the lending facility remained at 6.75 percent. The decision was made after a two-day policy meeting of the bank’s board of gove

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