{
    "success": true,
    "data": {
        "id": 1259314,
        "msgid": "sbi-rate-down-to-1608-1447893297",
        "date": "2002-05-17 00:00:00",
        "title": "SBI rate down to 16.08%",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "SBI rate down to 16.08% JAKARTA: The weighted average interest rate on Bank Indonesia's one-month SBI promissory note declined to 16.08 percent at the weekly auction on Wednesday, from 16.26 percent at last week's auction. Bank Indonesia said in a statement that it accepted Rp 20 trillion (US$2.16 billion) in bids at the auction, or 59.78 percent of total bids.",
        "content": "<p>SBI rate down to 16.08%<\/p>\n<p>JAKARTA: The weighted average interest rate on Bank<br>\nIndonesia's one-month SBI promissory note declined to 16.08<br>\npercent at the weekly auction on Wednesday, from 16.26 percent at<br>\nlast week's auction.<\/p>\n<p>Bank Indonesia said in a statement that it accepted Rp 20<br>\ntrillion (US$2.16 billion) in bids at the auction, or 59.78<br>\npercent of total bids.<\/p>\n<p>Analysts said the decrease in the SBI rate was in line with<br>\nthe government's policy of pushing rates lower to ease the<br>\ngovernment's funding burden.<\/p>\n<p>Lower rates make it cheaper for the government to fund its<br>\nbudget deficit, which is estimated this year at 2.7 percent of<br>\ngross domestic product. Government bonds issued to recapitalize<br>\nthe financial sector during the economic crisis pay interest<br>\nrates linked to the SBI note. -- JP<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/sbi-rate-down-to-1608-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}