BI Rate Cut Again

BANK Indonesia eventually cut its reference interest rate (BI Rate) after maintaining a level of 8.25 percent since July this year. A meeting of the board of governors at the BI Building, Jakarta, last week, made a correction of 25 basis points to 8 percent, in line with the end of year target.

According to BI Senior Deputy Governor Miranda Goeltom, this policy was based on the trend for inflation decreases up until the end of 2008. It is expec

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

• *You Save -Rp 102.000
• *Guaranteed update of up to 52 Editions of Tempo Magazine

Subscribe

Rp 64.380/Month

Active Every Month Cancel Anytime

• *Free for the first month if using a Credit Card

Subscribe

See Other Packages

Already a Subscribed? Log in here
To receive daily news by Email, Sign up for Tempo ID.