Indonesian central bank makes first rate cut in two years

Bank Indonesia
The Indonesian central bank
Christopher Jeffery

Indonesia’s central bank lowered its benchmark rate, the seven-day repo rate, by 25 basis points to 5.75% today (18 July) – its first cut in nearly two years.

“The policy is consistent with low inflation expectations and the need to build economic growth momentum amidst a backdrop of easing global financial market uncertainty and controlled external stability,” says the central bank in a statement.

This is the first cut by Bank Indonesia after seven consecutive meetings. The central bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: