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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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BI interest rate hike imminent

  • Marchio Irfan Gorbiano and Rachmadea Aisyah

    The Jakarta Post

Jakarta | Thu, May 17 2018 | 02:34 am

PREMIUM Bank Indonesia (BI) is expected to make good on its promise to end its expansionary monetary policy by raising its interest rate on Thursday in response to external pressures that have hit the rupiah hard, analysts have said.Following the rupiah’s recent depreciation, the central bank has sent a strong message that it has ample room to adjust the BI seven-day reverse repo rate if it deems the de...