Free Trial

Bank Indonesia Raises Rates by 50bps to 5.25%, As Expected

INDONESIA CENTRAL BANK
  • Bank Indonesia raise the benchmark policy rate by 50bps to 5.25%, as expected. The lending facility rate and deposit facility rate are also raised by 50bps to 6.00% and 4.50% respectively.
  • The bank flag that the decision is part of a front-loading of policy, intended to be pre-emptive and forward-looking measure to bring down inflation expectations.
  • The Bank see the decision as guiding core inflation back within target in the first half of next year, and the rate rise will also step up support for the IDR amid the strong USD backdrop.

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.