1 Day
Source:
بوابة الشروق
Indonesia keeps interest rates stable to support growth and currency
Bank Indonesia kept the benchmark interest rate unchanged at 5.75%, explaining that the decision aims to stabilize the rupiah and stimulate economic growth amidst external pressures due to threats of a downgrade to the country's credit rating. The central bank also lowered the reserve requirement ratio for banks by two percentage points to increase liquidity, and raised the interest rate on deposits to 5% to attract capital inflows. These policies are part of efforts to achieve price stability and promote growth amid global market volatility.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)