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Indonesia c.bank sells 9-mth SBI, yield rises
September 13, 2012 / 9:16 AM / 5 years ago

Indonesia c.bank sells 9-mth SBI, yield rises

JAKARTA, Sept 13 (Reuters) - Indonesia’s central bank sold its nine-month SBI and SBI sharia in an auction on Thursday at a rate of 4.67165 percent, higher than 4.54005 percent for the last auction on Aug. 9, the bank said in a statement.

SBI debt is offered once a month and is aimed at absorbing liquidity in the financial system to control inflation.

According to Bank Indonesia data, foreign ownership of SBIs in August rose 91 percent from a month earlier to 1.24 trillion rupiah ($129.6 million).

Earlier on Thursday, Bank Indonesia kept its benchmark rate at 5.75 percent, which is said is still consistent with low inflation. (Reporting by Rieka Rahadiana and Andjarsari Paramaditha; Editing by Richard Borsuk)

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