Indonesia raises its reverse repo rate to 5.25% from 4.75%


INDONESIA’S central bank stepped up its policy action with a bigger-than-forecast interest rate hike – the third increase in six weeks – to halt a deepening slide in the currency.

The seven-day reverse repurchase rate was raised by 50 basis points to 5.25% yesterday, surprising all of the 31 economists surveyed by Bloomberg, most of whom had predicted a 25 basis-points hike.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Business , Indonesia , rates

   

Next In Business News

Decarbonising cement: Are we ready?
After a homeowner passes
A stinky nuisance: When septic tanks burst
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Building a firm facade
Portfolio positioning under Trump era
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Sapura Energy ‘in a good place now’

Others Also Read