Today, September 5, 2006, in the Board of Governor’s Meeting, Bank Indonesia announced a 50 bps reduction in the BI Rate from 11.75% to 11.25%. This decision was taken after in-depth discussions lasting two full days on 4-5 September 2006, with evaluation of macroeconomic conditions, findings from various surveys of consumer and producer expectations and the outlook for economic and monetary conditions in Indonesia and worldwide.
