The central bank (Bank Indonesia/BI) lowered its benchmark BI Rate to 7% on Thursday (Feb. 18), following a 25 basis point cut last month. The Deposit Facility rate and the Lending Facility rate were also cut to 5% and 7.5% respectively. BI also agreed to reduce the rupiah denominated primary reserve requirement by 1%, from 7.5% to 6.5%, effective March 16, 2016.To subscribe please click here
