Indonesia's central bank surprises with rate cut amid weakening currency
Bank Indonesia unexpectedly cut its benchmark interest rate by 25 basis points to 5.75%, marking its first rate cut since September 2024. The markets were widely anticipating that the rate would remain unchanged at 6% for a fourth consecutive meeting.
Indonesian central bank announces surprise rate cut
JAKARTA - Indonesia’s central bank unexpectedly announced a cut in its key interest rate on Jan 15 in a bid to boost economic growth and a weakening rupiah. Bank Indonesia lowered the benchmark seven-day reverse repurchase rate by 25 basis points to 5.75 per cent, citing a shift in policy to bolster stability and growth.
Chile Central Bank Warns of ‘Significant Risks’ Around Rate Path
Chile’s central bank said its future monetary policy decisions should consider significant risks including short-term inflation challenges, according to the minutes to its last key rate meeting.
French central bank recommends cut in popular savings account interest rate
Bank of France Governor Francois Villeroy de Galhau recommended on Wednesday that the government lower the regulated interest rate on popular tax-free savings accounts, offering French banks relief from payouts that exceed those offered by European peers.
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Indonesias central bank, Bank Indonesia (BI), unexpectedly reduced its benchmark 7-day reverse repurchase rate by 25 basis points to 5.75% on Wednesday, signaling a return to monetary easing. This marks the first cut
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China’s Central Bank Reiterates Easing Pledges Amid Policy Dilemmas
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The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier ...
Russian central bank dismisses retail deposit freeze rumours
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IOB, Central Bank, UCO Bank, IDBI Bank & PSB: State-run lenders tumble up to 10% today
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China’s Central Bank, Forex Regulators Pledge to Stabilize Yuan
Chinese regulators reiterated a pledge to defend the yuan as the currency comes under renewed pressure amid the prospects of ...
India central bank to conduct daily variable rate repo auctions amid tight liquidity
India's central bank said on Wednesday it will conduct variable rate repo (VRR) auctions on all working days until further ...