Bank Indonesia Raises Interest Rate by 25 BPS to 5.75 Percent

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.

Baca Juga:

Naikkan Suku Bunga 25 Bps, Ini Penjelasan Bos Bank Indonesia

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.

Baca Juga:

Hasil RDG Bank Indonesia (BI) Januari 2023

"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.

Baca Juga:

Awal Tahun Bank Indonesia Rilis Inflasi

(DKH)