Indonesia's central bank decided to raise its key interest rate for the fifth policy session at its December meeting, though at a slower pace than in the previous months, as inflation came off slightly from highs due to a modest easing in energy prices and the pace of economic growth is forecast to slow next year in the backdrop of a global slowdown.
The Board of Governors, headed by Perry Warjiyo, hiked the BI 7-day reverse repo rate to 5.50 percent from 5.25 percent following its two-day rate-setting session, the Bank Indonesia said on Thursday.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com