Day: September 21, 2021

BI holds benchmark rates at 3.5% to maintain stability

Bank Indonesia (BI) has decided to hold the benchmark rate, or the BI 7-Day Reverse Repo Rate (BI7DRR), at 3.5 percent following a meeting of its board of governors. The central bank has also decided to maintain the deposit facility rates at 2.75 percent and the lending facility rates at

Indonesia’s COVID-19 spike in July triggered by domestic factors: govt

The surge in COVID-19 cases in Indonesia in July 2021 was triggered by several domestic factors, Head of the National COVID-19 Task Force’s Expert Team Professor Wiku Adisasmito has revealed. “The case surge in Indonesia last July was not caused by the increase in global cases coming from other countries, but from