Bank Indonesia Cuts Reserve Requirement Ratio to 8% From November 1
Bank Indonesia is gradually cutting the ratio by 1 percentage point to 8% from November 1 and 7% from December 1, the governor said Wednesday. The bank is also offering a further discount for a domestic non-deliverable forward incentive.
Bank Indonesia’s governor said on Wednesday that the central bank is gradually lowering its reserve requirement ratio by 1 percentage point, to 8% from November 1 and 7% from December 1. The bank is also offering an incentive for domestic non-deliverable forwards through an additional discount. The source text ends mid-sentence after “and is s…”, so the remainder is unavailable.