Challenges loom ahead of new benchmark rate policy
The Jakarta Post
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 ...
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