What is BI ? ?
definition BI Rate is the interest rate policies that reflect the attitude or stance of monetary policy is set by Bank Indonesia and announced to the public .
functionBI Rate announced by the Board of Governors of Bank Indonesia every monthly meeting of the Board of Governors and implemented on monetary operations conducted by the management of Bank Indonesia liquidity (liquidity management) in the money market to achieve the operational target of monetary policy .Operational target of monetary policy is reflected in the growth rate Interbank Money Market Overnight ( O / N ) . Movements in interbank rates is expected to be followed by developments in deposit rates , and in turn bank lending rates .Taking also into account other factors in the economy , Bank Indonesia will generally raise the BI rate when inflation is expected to exceed targets , instead of Bank Indonesia will lower the BI Rate if future inflation is expected to be below the established target .
May be useful ! !
from :http://www.bi.go.id
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