Jakarta, CNBC Indonesia – The aggressiveness of Bank Indonesia (BI) in monetary policy has finally come to a halt. BI withholds benchmark interest rate BI 7-Day Reverse Repo Rate (BI7DRR) pada level 5,75%.
The Deposit Facility interest rate remains at 5.00%, and the Lending Facility interest rate is at 6.50%.
“The BI Board of Governors’ meeting on 15-16 February decided to keep the BI 7-Day Reverse Repo Rate (BI7DRR) at 5.75%,” said BI Governor Perry Warjiyo in a press conference, Thursday (16/2/2023).
The market consensus compiled by CNBC Indonesia, of the 12 institutions involved in forming the consensus, 10 institutions/institutions estimate that the central bank will hold interest rates at 5.75%.
Two institutions estimate that BI will raise the BI 7-Day Reverse Repo Rate (BI7DRR) by 25 bps to 6.00%.
For the record, BI started raising its benchmark interest rate from August 2022 to January 2023. In total, the MH Thamrin camp has raised its benchmark interest rate by 225 basis points (bps) to 5.75%.
The Deposit Facility interest rate was increased by 225 bps to 5.00%, and the Lending Facility interest rate was at 6.50%.
(me/me)
