Indonesia c.bank raises rates for 2nd straight meeting

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November 14, 2022 at 5:13 pm #34366 Reply

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JAKARTA, Selot5000 Sept 22 (Reuters) -<br> Indonesia’s central bank increased interest rates by more than expected on Thursday as it sought to keep a lid on inflation after the government raised fuel prices earlier this month.<br> Bank Indonesia (BI) raised the 7-day reverse repurchase rate by 50 basis points to 4.25%.
Out of 30 economists polled by Reuters, 27 had expected a 25 basis point move, while the remaining three had bet on a bigger 50 basis point rate hike.<br> The bank also hiked the overnight deposit facility and lending facility rates by the same amount to 3.50% and 5.00%, respectively.

(Reporting by Gayatri Suroyo, Fransiska Nangoy and Stefanno Sulaiman; Editing by Ana Nicolaci da Costa, Ed Davies)<br>

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