Reuters logo
Indonesia cbank sells 9-mth SBI, yields higher
November 8, 2012 / 9:43 AM / 5 years ago

Indonesia cbank sells 9-mth SBI, yields higher

JAKARTA, Nov 8 (Reuters) - Indonesia’s central bank sold nine-month SBI and SBI sharia in an auction on Thursday at a rate of 4.77039 percent, higher than 4.74612 percent in the previous auction, the bank said in a statement.

SBI is offered once a month and is aimed at absorbing liquidity in the financial system to control inflation.

Earlier on Thursday the bank kept its benchmark rate at 5.75 percent for a ninth-consecutive month, as inflationary pressures remained low and manageable.

Bank Indonesia maintained its inflation target at 4.5 percent plus or minus 1 percent this year. (Reporting by Rieka Rahadiana; Editing by Kim Coghill)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below