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BI 7 Day Reverse Repo Rate

Gubernur BI Perry Warjiyo. Bank Indonesia (BI) cut its 7-day reverse repurchase rate by 25 basis points (bps) to 4.00%, the lowest since at least 2016.
Gubernur BI Perry Warjiyo. Bank Indonesia (BI) cut its 7-day reverse repurchase rate by 25 basis points (bps) to 4.00%, the lowest since at least 2016.

KONTAN.CO.ID - JAKARTA. Indonesia's central bank cut its benchmark interest rate on Thursday for the fourth time this year after agreeing to expand bond purchases to shore up Southeast Asia's largest economy amid the coronavirus pandemic.

Bank Indonesia (BI) cut its 7-day reverse repurchase rate by 25 basis points (bps) to 4.00%, the lowest since at least 2016 when it adopted the rate as its benchmark, and as predicted by a slim majority of respondents in a Reuters poll.

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