IDX Expects Lower BI 7 Day Reverse Repo Rate

Dian Ihsan Siregar    •    16 November 2016 17:08 WIB
finance and money
IDX Expects Lower BI 7 Day Reverse Repo Rate
Illustration (Photo: MI/Panca Syurkani)

Metrotvnews.com, Jakarta: Indonesian Stock Exchange (IDX) hopes Bank Indonesia (BI) will cut its benchmark interest rate this month.

"The benchmark interest rate should be lower," said IDX transaction supervision director Hamdi Hassyarbaini on Wednesday (11/16).

"It will boost investors in the stock market. It will also help the banking sector," he continued.

BI started the Board of Governors meeting today. The central bank will announce the new benchmark interest rate tomorrow.

BI 7 Day Reverse Repo Rate decreased 25 basis points from 5 percent to 4.75 percent last month.


(WAH)