Indonesia central bank 9-mth SBI rate rises to 7.36011pc

JAKARTA: Indonesia's central bank on Thursday sold its nine-month SBI debt paper at a 7.36011 percent rate, higher than the 7.17517 percent in last month's auction.

It also sold nine-month sharia SBIs at the same rate.

Bank Indonesia has lengthened the minimum holding period for SBIs to six months from one month, effective May 13, as part of moves to drive volatile "hot money" flows to longer-term instruments and finance the real economy.