IDXChannel - Bank Indonesia (BI) has again raised the BI benchmark interest rate or BI-7Day Reverse Repo Rate (BI7DRR) by 25 basis points to 5.75 percent.
The decision was taken based on the Board of Governors Meeting on January 18-19, 2023. This announcement was made directly by the Governor of BI, Perry Warjiyo.
Hasil RDG Bank Indonesia (BI) Januari 2023
In addition, Perry also said that natural deposit facilities increased by 25 bps to 5 percent and lending facilities increased by 25 bps to 6.5 percent.
The current interest rate hike by Bank Indonesia is a follow-up step for front loaded, pre-emptive, and forward-looking in order to lower inflation expectations.
"The Bank Indonesia (BI) Board of Governors meeting decided to raise the BI 7 days reverse repo rate to 5.75 percent," said BI Governor Perry Warjiyo.
"Watch our show IDX Channel Official Youtube on the Market Headlines Program, Thursday (19/1/2023) with the theme Bank Indonesia Raises Interest Rate by 25 BPS to 5.75 Percent.
Awal Tahun Bank Indonesia Rilis Inflasi