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Business 7 years ago
If BI increases rate, growth will rely on fiscal policy: Sri Mulyani
The central bank hinted at the Bank Indonesia (BI) Board of Governors meeting on Wednesday and Thursday at increasing its benchmark seven-day reverse repo rate in trying to maintain the rupiah exchange rate at its reasonable value.
Business 7 years ago
Deposit insurance maintains guaranteed interest rates
The Indonesia Deposit Insurance Corporation (IDIC) is maintaining its guaranteed interest rates — 5.75 percent for rupiah deposits in banks, 0.75 percent for foreign exchange deposits and 8.25 percent for rupiah deposited in microcredit banks.
Business 7 years ago
Bank Indonesia hints at reference rate increase
Bank Indonesia (BI) hinted on Friday that it would increase its benchmark seven-day reverse repo rate, which is currently at 4.25 percent, because of consistent external pressure that could potentially disrupt the country's economy.
Business 8 years ago
Fed lifts rates, steepens path through 2020 for more hikes
Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020, citing an improving economic outlook. Policy makers continued to project a total of three increases this year.
