SBI rate falls again this week

SBI rate falls again this week

JAKARTA: The weighted average interest rate on one-month Bank
Indonesia promissory notes (SBI) fell in a central bank auction
Wednesday.

The one-month SBI notes stood at 17.09 percent at the weekly
auction, down from 17.21 percent at last week's auction, Bank
Indonesia said.

The central bank also said it accepted Rp 20.00 trillion
(US$1.9 billion) of bids at the auction, or 83.0 percent of total
bids.

The central bank has been cutting rates in recent weeks to
help ease the cost on the government of funding its huge budget
deficit. -- Dow Jones