IDNEWSNOW.COM, Jakarta – The Jakarta Composite Index (JCI) closed Thursday’s trade with a gain following Bank Indonesia’s choice to cut the interest rate criteria. The JCI climbed 0.66 percent to close the day at 5,59406
The Bank Indonesia Board of Governors Meeting on November 18-19 led to the decision to cut the BI 7-Day Reverse Repo (7DRR) Rate by 25 bps to 3.75 percent. BI likewise cut the deposit rate by 25 bps to 3 percent, and the financing rate by 25 bps to 4.5 percent.
Bina Artha Sekuritas expert M Nafan Aji Gusta said that rate cuts are an effort to support government programs in accelerating the national financial growth recovery.
By sector, 8 sector indexes got, with residential or commercial property climbing the greatest by 2.34 percent. Mining and market came 2nd and third with 1.38 percent and 1.22 percent.
Today’s trade close was likewise marked by Rp28906 billion in foreign buys.
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