Indonesia c.bank holds rates for second month in a row

  • 📰 staronline
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 75%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The 7-day reverse repurchase rate, its main policy rate, was kept at 4.00%, as forecast in a Reuters poll.

Bank Indonesia also held steady its two other main rates, the deposit facility and lending facility, at 3.25% and 4.75%, respectively.

BI has trimmed the key rate four times, cut required reserves, eased lending rules, as well as purchased government bonds in the primary market to plug the fiscal deficit to support Southeast Asia's largest economy amid the coronavirus pandemic. - Reuters

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Emerging markets: Indonesia stocks trip as central bank seen holding ratesSINGAPORE, Sept 15 (Reuters): Indonesia stocks pulled back on Tuesday after a more than 5% surge over the last two sessions as a Reuters poll of analysts predicted the country's central bank would stand pat on interest rates in favour of supporting an under-pressure rupiah.
Source: staronline - 🏆 4. / 75 Read more »

Don’t do it – studies advise global central banks against negative interest ratesLONDON: Six years after the European Central Bank (ECB) cut interest rates below zero per cent, behavioural finance gurus have a message for other cen...
Source: theSundaily - 🏆 25. / 51 Read more »

RHB, Hong Leong to hold post-moratorium payment assistance clinicsKUALA LUMPUR: RHB Banking Group will hold loan and financing payment assistance clinics for customers who require further assistance with their loan a...
Source: theSundaily - 🏆 25. / 51 Read more »