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Argentina Has Highest Interest Rate Among G20 Nations; Where Does Indonesia Rank?

Cindy Mutia Annur 23/09/2022 11:00 WIB

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Indonesia's interest rate ranked 8th among G20 countries as of September 2022, according to a Trading Economics report.

G20 Countries' Interest Rates (September 23, 2022)

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G20 Countries' Interest Rates (September 23, 2022)

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Bank Indonesia (BI) raised its benchmark interest rate by 50 basis points (bps) to 4.25% in September 2022. This rate ranks eighth among G20 countries, according to a report by Trading Economics.

Argentina recorded the highest interest rate among G20 countries at 75% as of September 2022. The country raised its benchmark interest rate by 55 bps from the previous level.

Brazil and Turkey ranked second and third, respectively, with the highest interest rates among G20 countries. Brazil's interest rate was recorded at 13.75%, while Turkey's was at 12% as of September 2022.

Meanwhile, Japan recorded the lowest interest rate among G20 countries, contracting by 0.1%. This figure remained unchanged from the previous month.

Besides Japan, the G20 countries that did not raise their interest rates from the previous month in September 2022 were China (3.65%) and Brazil (13.75%).

For information, Mexico, India, South Korea, and Singapore had not yet set their latest interest rates in September 2022, according to the Trading Economics report.

Editor : Annissa Mutia

"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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Argentina Has Highest Interest Rate Among G20 Nations; Where Does Indonesia Rank?

Argentina Has Highest Interest Rate Among G20 Nations; Where Does Indonesia Rank?

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