BI holds rates amid renewed concerns over its independence
Indonesian central bank says keeping rates at 4.75% will stabilise rupiah and encourage growth
Bank Indonesia (BI) has held rates in a bid to limit the depreciation of the rupiah, the value of which plummeted after the country’s president nominated his nephew as the central bank’s deputy governor.
BI spokesperson Ramdan Denny Prakoso said in a statement today (January 21) that the benchmark lending rate would remain at 4.75%, where it has been since September. Ramdan said BI would strengthen the exchange rate through interventions in the country’s domestic and offshore non-deliverable
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 info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
More on Monetary policy decisions
China leaves benchmark lending rates unchanged
One-year LPR stays at 3% and five-year rate remains at 3.5% following easing via structural tools
BoK leaves policy rate unchanged
Economists predict South Korean central bank will hold at 2.5% for remainder of year
China cuts lending rate for some sectors and flags room for more
PBoC deputy announces 25bp cuts to lending rate for agriculture sector, small businesses and others
Peru holds rate for fourth time in a row
Strong currency, stable inflation and healthy growth allow central bank to keep things as they are
Israel cuts rates by 25 basis points
Central bank’s updated forecast points to higher growth in 2026 than was previously predicted
BoJ raises policy rate to 30-year high
Japan’s central bank, as expected, hikes rate to 0.75% and indicates further tightening to come
National central banks hold rates across Europe
Albania, Czech Republic, Hungary, Norway and Sweden all leave policy unchanged
European Central Bank holds rates
Updated forecast includes higher inflation and growth figures