Bank Indonesia's Interest Rate is Relatively High Among G20 Nations

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Cindy Mutia Annur 01/11/2022 14:30 WIB

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As of October 2022, Indonesia's central bank interest rate was the eighth highest among G20 countries.

G20 Central Bank Interest Rates (September-November 2022)

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Bank Indonesia's Interest Rate is Relatively High Among G20 Nations

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G20 Central Bank Interest Rates (September-November 2022)

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Bank Indonesia (BI) raised its BI-7 Day Reverse Repo Rate (BI7DRR) to 4.75% in October 2022. This interest rate is relatively high, ranking eighth among G20 countries.

According to Trading Economics data, the country with the highest central bank interest rate in the G20 is Argentina, at 75% as of October 2022. Next is Brazil with an interest rate of 13.75%, and Turkey at 10.5%.

In this group, Japan has the lowest interest rate, at -0.1% as of October 2022. This figure remained unchanged from the previous month.

As of Tuesday, November 1, 2022, Australia was the only country to have recorded its interest rate for November 2022, at 2.85%.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Bank Indonesia's Interest Rate is Relatively High Among G20 Nations

Bank Indonesia's Interest Rate is Relatively High Among G20 Nations

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Bank Indonesia's Interest Rate is Relatively High Among G20 Nations

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