Free Trial

Bank Indonesia Holds Key Rate Unchanged At 6%


Bank Indonesia kept its key interest rates unchanged at 6.00%, in line with a unanimous call of economists surveyed by Bloomberg, noting that the decision matches its pro-stability focus.

  • The central bank said that inflation is slowing and within the +1.5%-3.5% Y/Y target range, where it is expected to remain through the end of 2024.
  • GDP growth is expected to be +4.7%-5.5% Y/Y this year, with the central bank assessing that economic recovery remains intact.
  • Governor Warjiyo said that the rupiah is expected to remain stable with a tendency to strengthen, while Bank Indonesia will persist with its "triple intervention."

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.