Indonesia | Why BI introduced a new policy rate?
Published on Wednesday, April 20, 2016
Indonesia | Why BI introduced a new policy rate?
Summary
Bank Indonesia (BI) announced last week that it would, effective August 19, 2016; reformulate its policy rate from the BI rate into the 7-day Reverse Repo rate. We examine the significance of this move, while noting that it does not alter BI’s accommodative policy stance, with another 25 bps rate cut expected on April 21st.
Geographies
- Geography Tags
- Asia
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Sumedh Deorukhkar
BBVA Research - Senior Economist
Le Xia
BBVA Research - Chief Economist
Documents and files
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