Bank of Indonesia Holds Interest Rates Steady at 5.75% in Line with Predictions
The Central Bank of Indonesia (BI) has announced its decision to maintain the 7-day reverse repurchase rate, which serves as the policy interest rate, at 5.75%. This determination, announced on September 21, comes against the backdrop of various economic pressures, including fluctuations in the Indonesian rupiah currency and government bond yields. The central bank’s choice …
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