Gareth Leather

Money Moves

Critical of the policy mix

Bank Indonesia held its benchmark rate at 5.75% on October 21 and raised the rate it pays on overnight deposits to 5.00%. It also set a two-step cut in the share of deposits banks must park at the central bank, from 9% to 7% by December 1, which Governor Destry Damayanti said frees about 190 trillion rupiah ($10.56 billion) for lending.

Updated Yesterday

Money Moves

Sees one more hike at the November meeting

The Bank of Korea left its benchmark rate at 3% on October 22, pausing after consecutive hikes in July and August. All seven board members voted to hold.

Updated Oct 22