SBI rate drops again

Thu, 02 Sep 1999 | Source: DJ

JAKARTA (JP): Bank Indonesia said the interest rate of its one-month promissory notes (SBIs) dropped by another nine basis points at the central bank's weekly auction on Wednesday.

The weighted average interest rate of the one-month SBI notes dropped to 12.97 percent from 13.06 percent in the previous week's auction, the central bank said.

Bank Indonesia said it absorbed Rp 11.48 trillion at the SBI auction.

The average interest rates on one-month central bank promissory notes (SBIs) dropped to 13.06 percent the previous week from 13.09 percent a week ago. (hen)

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