By Anadolu Agency
September 22, 2022 6:34 amISTANBUL
Indonesia’s central bank increased its benchmark interest rate by 50 basis points on Thursday.
Bank Indonesia raised the seven-day reverse repo rate to 4.25%, the deposit facility interest rate by 50 basis points to 3.5%, and the lending facility interest rate by 50 basis points to 5%.
The decision is part of efforts to bring down inflation to 3% by the second half of next year, as well as strengthen the Indonesian rupiah, the bank said.
Indonesia’s annual inflation rate was 4.69% in September and 4.94% in August.
We use cookies on our website to give you a better experience, improve performance, and for analytics. For more information, please see our Cookie Policy By clicking “Accept” you agree to our use of cookies.
Read More