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BI Raises Key Rate by 25 Basis Points to 6 Percent

Banking editor Kunthi Fahmar Sandy
19/10/2023 15:48 WIB
Bank Indonesia (BI) has decided to raise its key interest rate, BI 7-Day Reverse Repo Rate (BI7DRR), by 25 basis points (bps) to 6.00%.
BI Raises Key Rate by 25 Basis Points to 6 Percent. (Foto: MNC Media)
BI Raises Key Rate by 25 Basis Points to 6 Percent. (Foto: MNC Media)

"Loose macroprudential policy is strengthened by implementing the Macroprudential Liquidity Incentive Policy (KLM) effectively and lowering the Macroprudential Liquidity Buffer (PLM) ratio to encourage credit/financing," he stated. (WHY)

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