logo Kompas.id
EnglishLower Interest Rate Expected...
Iklan

Lower Interest Rate Expected to Accelerate Economic Recovery

Bank Indonesia (BI) is optimistic that the lower benchmark interest rate can accelerate the recovery of the national economy, which has been severely affected by the COVID-19 pandemic.

By
Dimas Waraditya Nugraha
· 4 minutes read
https://cdn-assetd.kompas.id/-1XZSEfO8_lQ4Z_E24FnIeDY08c=/1024x576/filters:watermark(https://cdn-content.kompas.id/umum/kompas_main_logo.png,-16p,-13p,0)/https%3A%2F%2Fkompas.id%2Fwp-content%2Fuploads%2F2019%2F02%2F20190221_LOGO-BANK-INDONESIA_A_web_1550755128.jpg
KOMPAS/PRIYOMBODO

Residents cross in front of the Bank Indonesia fence to access the Bank Indonesia area in Jakarta, Thursday (21/02/2019).

JAKARTA, KOMPAS - Bank Indonesia (BI) is optimistic that the lower benchmark interest rate can accelerate the recovery of the national economy, which has been severely affected by the COVID-19 pandemic. Loans are expected to grow and foreign fund inflow will also increase.

BI decided to lower its seven-day reverse repo rate by 25 basis points (bps) to 3.75 percent from 4 percent during its board of governors’ meeting was held in Jakarta on Nov. 18-19. The benchmark rate is the lowest since the central bank changed its seven-day repo rate on Aug. 19, 2016.

Editor:
Syahnan Rangkuti
Share
Logo Kompas
Logo iosLogo android
Kantor Redaksi
Menara Kompas Lantai 5, Jalan Palmerah Selatan 21, Jakarta Pusat, DKI Jakarta, Indonesia, 10270.
+6221 5347 710
+6221 5347 720
+6221 5347 730
+6221 530 2200
Kantor Iklan
Menara Kompas Lantai 2, Jalan Palmerah Selatan 21, Jakarta Pusat, DKI Jakarta, Indonesia, 10270.
+6221 8062 6699
Layanan Pelanggan
Kompas Kring
+6221 2567 6000