Mixed SUN Market Amid RDG Results. Market participants responded to the results of the Board of Governors’ Meeting (RDG) of Bank Indonesia (BI) which maintained the benchmark interest rate for the BI Seven Days Reverse Repo Rate (BI 7DRRR) and increased the Statutory Reserves (GWM) for banks. BI 7DRRR in January remained at the level of 3.50%, and the Statutory Reserves for commercial banks rose to 5%. Yesterday, the yield on the benchmark 20-year FR0092 closed at 6.99%. Furthermore, market players are also keeping a close eye on the direction of BI’s monetary policy going forward.
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