interest rate

Retail Asia08/02/2019

India’s central bank unexpectedly lowered interest rates and, as anticipated, shifted its stance to “neutral” from “calibrated tightening” to boost a slowing economy after a sharp fall in the inflation rate. The monetary policy committee (MPC) of the Reserve Bank of India cut the repo rate by 25 basis points to 6.25%, as predicted by […]

Retail Asia30/01/2019

Banks have hiked deposit interest rates by 0.1-0.5 percentage points as the country’s spending demand surges prior to Tet. Private lender Asia Commercial Bank last Friday introduced a new interest schedule with an increase of 0.2-0.3 percentage points in rates on most deposit terms. It also offers rates proportional to the amount of deposit. Techcombank, another […]

Retail Asia02/01/2019

Banks usually hike deposit interest rates and even offer promotions at the year end, and this year has been no different. On December 19 Sacombank announced a rise in interest rates on deposits of three months from 5.2-5.3 percent to 5.5 percent, and on deposits of 12 months from 6.9 percent to 7.7 percent. VPBank […]

Retail Asia27/09/2018

Bank Indonesia, the country central bank, needs to raise its benchmark interest rate on Thursday (25/09) or risks to be left behind the curve and sees a further weakening of the rupiah, economists said. “Bank Indonesia must be ahead of the curve amid the trend of rising global interest rates,” said Cyrillus Harinowo, a former central banker and now […]

Retail Asia01/06/2018

Indonesia’s central bank raised its benchmark interest rate for the second time in two weeks on Wednesday (30/05) and flagged more possible hikes as it escalated a battle to boost the fragile rupiah and contain capital outflows. Newly appointed Bank Indonesia Governor Perry Warjiyo pledged more action to promote financial and economic stability to bolster […]

Retail Asia30/01/2018

Bank Indonesia Governor Agus Martowardojo emphasized on Wednesday (24/01) that there is limited room for lowering interest rates due to the United States Federal Reserve’s plan to increase its benchmark rate, and the need to keep inflation in check. “[Room] to adjust the seven-day reverse repo rate is probably very narrow under the current conditions,” Agus […]

Retail Asia22/06/2016

Indonesia’s central bank cut its benchmark interest rate again by a quarter point to 6.50 per cent Thursday amid slow and uneven recovery of the global economy.Bank Indonesia spokesman Tirta Segara said the cut, the fourth this year, was decided at a two-day meeting of the Board of Governors.The key interest rate was lowered in […]

Tag: interest rate

India central bank makes surprise interest rate cut

Vietnam’s interest rate rises in the lead-up to biggest national holiday

Vietnamese banks deposit rates rise as usual at year end

Indonesia Needs to Raise Rate to Stay Ahead of the Curve

Indonesia Central Bank Raises Key Rate to Aid Rupiah, Flags Chance of More Hikes

Bank of Indonesia Says Limited Room to Cut Interest Rates

Bank Indonesia cuts benchmark interest rate to 6.50 per cent