• Bank Indonesia Raises Its Key Interest Rate to 5.75%, Rupiah Rate Rebounds in January 2023

    The central bank of Indonesia (Bank Indonesia) raised its benchmark interest rate (BI 7-day reverse repo rate) by 25 basis points (bps) after concluding its two-day policy meeting on 18-19 January 2023. Indonesia’s benchmark rate now stands at 5.75 percent. It also raised its deposit facility and lending facility rates by 25 bps to 5.00 percent and 6.50 percent, respectively.

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  • Manufacturing Activity of Indonesia Accelerates Modestly in January 2023

    Manufacturing activity continued to expand in the first month of 2023, even slightly accelerating from the preceding month. The S&P Global Indonesia Manufacturing Purchasing Managers’ Index (PMI) showed a reading of 51.3 points in January 2023, up modestly from 50.9 points in December 2022 (with 50.0 being the threshold that separates contraction from expansion in the manufacturing sector).

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  • Indonesia Investments Releases the January 2023 Report

    On 5 February 2023, Indonesia Investments released the January 2023 edition of its monthly report. This report discusses and analyses a number of important economic, social and political topics (all related to Indonesia) that were relevant in the month of January 2023.

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