In November 2022, the reverse repo rate for Bank Indonesia was 5.25 percent, the highest rate it had been since October 2016. Due to anticipation of inflation, this increase was made to strengthen the framework for monetary operations. Bank Indonesia replaced the prior BI Rate with the BI-7 Day Reverse Repo Rate (BI7DRR) as its new benchmark interest rate or policy interest rate in 2016.
Monthly reverse repo rate of Bank Indonesia in 2022
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Bank Indonesia. (December 12, 2022). Monthly reverse repo rate of Bank Indonesia in 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1209720/bank-indonesia-monthly-reverse-repo-rate/
Bank Indonesia. "Monthly reverse repo rate of Bank Indonesia in 2022." Chart. December 12, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1209720/bank-indonesia-monthly-reverse-repo-rate/
Bank Indonesia. (2022). Monthly reverse repo rate of Bank Indonesia in 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1209720/bank-indonesia-monthly-reverse-repo-rate/
Bank Indonesia. "Monthly Reverse Repo Rate of Bank Indonesia in 2022." Statista, Statista Inc., 12 Dec 2022, https://www.statista.com/statistics/1209720/bank-indonesia-monthly-reverse-repo-rate/
Bank Indonesia, Monthly reverse repo rate of Bank Indonesia in 2022 Statista, https://www.statista.com/statistics/1209720/bank-indonesia-monthly-reverse-repo-rate/ (last visited July 22, 2024)
Monthly reverse repo rate of Bank Indonesia in 2022 [Graph], Bank Indonesia, December 12, 2022. [Online]. Available: https://www.statista.com/statistics/1209720/bank-indonesia-monthly-reverse-repo-rate/