BI Cuts Interest Rate to Accelerate National Economic Recovery | KF Map – Digital Map for Property and Infrastructure in Indonesia
BI Cuts Interest Rate to Accelerate National Economic Recovery
Friday, 17 July 2020

The Central Bank of Indonesia decided to cut the BI 7-Day Reverse Repo Rate by 25 bps to 4% to accelerate the national economic recovery. In line with the cut, deposit facility was also cut by 25 bps to 3.25% and the lending facility to 4.75%. This was in the right momentum with Indonesia’s June export which was recorded at US$12.03 billion or 2.28% higher than in June 2019 when it was recorded at US$11.76 billion. June export realization also increased by 15.09% from US$10.45 in May 2020.

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