Bank Indonesia resumes monetary easing

Bank Indonesia
Photo: Christopher Jeffery

The board of governors of Indonesia’s central bank cut interest rates to 3.5%, in what the governor called a bid to stimulate an economic recovery.

The Bank Indonesia board also revised down its growth forecasts, and announced it would continue to buy government bonds from the primary market throughout 2021.

Bank Indonesia governor Perry Warjiyo called on the country’s lenders to start fully passing on rate cuts to borrowers.

Warijyo announced the board had reduced the seven-day repo rate by

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: