Free Trial

Bank Indonesia Keeps BI Rate Unchanged At 6.25%

INDONESIA CENTRAL BANK

Bank Indonesia left its benchmark policy rate unchanged at 6.25% as expected by virtually all analysts in the lead-up to the decision.

  • The central bank left the 2024 GDP growth target unchanged at +4.7%-5.5% Y/Y. It also maintained CPI inflation forecast for this year at +1.5%-3.5% Y/Y.
  • Bank Indonesia said that the rupiah is strengthening in line with policy responses and fundamentals.

To read the full story

Close

Why MNI

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.