Bank Indonesia cuts rate to record low

Central bank cuts rate for fourth time in 2020 as inflation hits lowest point in 20 years

Bank Indonesia
Bank Indonesia
Christopher Jeffery

Indonesia’s central bank made its fourth rate cut this year today (July 16), taking its benchmark rate to its lowest level on record.

Bank Indonesia cut the seven-day reverse repurchase rate by 25 basis points to 4%. This is the lowest level since the central bank started to use the rate as its policy rate in August 2016.

The easing move came after Bank Indonesia announced that it would buy $28 billion worth of newly issued government bonds on the primary market. The bond purchases are part of

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: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

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

.