Indonesia Investments Report - January 2021 Edition: COVID-19 Crisis to Linger On?
Update COVID-19 in Indonesia: 1,298,608 confirmed infections, 35,014 deaths (23 February 2021)
23 February 2021 (closed)
USD/IDR (14,146) -6.00 -0.04%
EUR/IDR (17,335) +57.05 +0.33%
Jakarta Composite Index (6,272.81) +17.50 +0.28%
Kolom Keuangan ini menawarkan analisis mengenai beberapa topik yang terkait dengan pasar keuangan Indonesia. Secara keseluruhan, kolom-kolom ini - yang mempunyai isi yang berbobot - akan melukis gambaran yang jelas dan terperinci mengenai struktur dan kinerja pasar keuangan Indonesia.
Rapat Dewan Gubernur Bank Indonesia pada 18 Februari 2021 sekali lagi memutuskan untuk menurunkan suku bunganya (BI7DRR) sebesar 25 bps. Suku bunga bank sentral kini sebesar 3,50% dan menjadi level terendah sepanjang masa sejak BI menerapkan suku bunga ini di tahun 2013.
It came as a big surprise to us when the central bank of Indonesia (Bank Indonesia) announced on 19 November 2020 (the day it concluded its two-day monetary policy meeting) that it decided to cut its benchmark interest rate (the seven-day reverse repo rate) by 25 basis points to 3.75 percent. Bank Indonesia also cut its deposit facility and lending facility rates by 25 basis points to 3.00 percent and 4.50 percent, respectively.
If everything goes according to plan, then the three Islamic finance units of state-controlled conventional banks Bank Mandiri, Bank Rakyat Indonesia (BRI) and Bank Negara Indonesia (BNI) will merge into one entity early next year.
In September 2020 concern arose over whether the House of Representatives (DPR) is trying to undermine the country’s central bank (Bank Indonesia)’s independence (from the government). The DPR’s legislation body came with a bill (a draft revision of the Bank Indonesia Law) that contains a number of controversial articles, making analysts concerned about the quality of future monetary policymaking in Indonesia.
