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Jakarta Post
The Jakarta Post
Video Weather icon 30°C
DKI Jakarta, Indonesia
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30°C Partly Cloudy

Dry and mostly cloudy throughout the day.

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    26℃ - 32℃

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Goodbye JIBOR, welcome IndONIA

  • Haryo Kuncoro
    Haryo Kuncoro

    Research director at the Socio-Economic & Educational Business Institute (SEEBI)

Jakarta | Thu, August 16, 2018 | 03:47 pm
Goodbye JIBOR, welcome IndONIA Bank Indonesia (BI) continues to look for the right formula to deal with growing uncertainty in the financial sector. (Shutterstock/File)

PREMIUM Bank Indonesia (BI) continues to look for the right formula to deal with growing uncertainty in the financial sector. Curbing the impact of a further increase in the United States interest rate will be the nearest test.

To further maintain market stability, for example, BI launched a new benchmark interest rate for the country’s overnight interbank money market rate on Aug.1 t...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.

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