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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Challenges loom ahead of new benchmark rate policy

  • Prima Wirayani

    The Jakarta Post

Jakarta | Tue, August 16 2016 | 08:46 am

PREMIUM Bank Indonesia’s (BI) monetary policy is likely to face a rocky road in terms of its effect on real sectors despite high hopes that the upcoming new benchmark rate will smoothen such transmission.

The central bank is planning to implement the seven-day reverse repurchase (repo) rate, which currently stands at 5.25 percent, on Friday to replace the current 6.5 percent 12-month rate, known ...