BI 7 Day Reverse Repo Rate Lowered to 5%

Eko Nordiansyah    •    22 September 2016 16:29 WIB
finance and money
BI 7 Day Reverse Repo Rate Lowered to 5%
Illustration (Photo: MI/Panca Syurkani)

Metrotvnews.com, Jakarta: Bank Indonesia (BI) has lowered BI 7 day reverse repo rate from 5.25 percent to five percent.

"Board of Governors decided to lower BI 7 day reverse repo rate by 25 basis points," BI Governor Agus Martowardojo said during a press conference at the BI office in Jakarta on Thursday (9/22).

The central bank also revised down deposit facility rate from 4.5 percent to 4.25 percent and lending facility rate from six percent to 5.75 percent. "It reflects the macroeconomic stability," Agus stated.

BI 7 day reverse repo rate has been BI's benchmark interest rate since last month.


(WAH)