Jakarta – Bank Indonesia (BI) noted deposit rates 1 month is at the level of 4.18% and the lending rate is 9.35% in July 2023. This is like the earth and the sky when borrowing and saving money in the form of deposits at banks. “In banking, 1-month deposit rates and lending rates in July … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) again raised its benchmark interest rate. The results of the Board of Governors’ Meeting which took place in the last two days decided that the BI 7 days reverse repo rate would increase by 25 basis points to 5.75%. The Deposit Facility interest rate is 5%, and the … Read more
Jakarta, CNBC Indonesia– Bank Indonesia (BI) will again withdraw two rupee denominations from circulation in 2022. The two withdrawn rupee denominations are the special rupee currency (URK) commemorating the 50th anniversary of the independence of the Republic of Indonesia, year of issue (TE ) 1995, the Democracy series, the denomination Rp. 300 thousand and the … Read more
Jakarta, CNBC Indonesia – Bank Indonesia (BI) raised its benchmark interest rate by 25 basis points to 5.50% during its Board of Governors (RDG) meeting which took place on 21-22 December 2022. “The Board of Governors meeting agreed to raise BI’s 7-day reverse repo rate by 25 basis points,” BI Governor Perry Warjiyo said at … Read more