Irman Faiz

Money Moves

Sees logic in the policy design

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