Bank Indonesia considers the growth in forex reserves a favourable impact of efforts to bolster external sector resilience and maintain sustainable economic growth in Indonesia.

Today (08/05/2014), Bank Indonesia will release the new benchmark interest rate (BI rate) after the Board of Governors Meeting. Most analysts expect that the current rate of 7.50 percent will be maintained as inflation (7.25 year-on-year in April 2014) and the country's current account deficit (USD $4 billion, or two percent of the country's GDP in the fourth quarter of 2013) still need to moderate further, although the latter will require more structural solutions instead of monetary policy only (through the higher interest rate environment). On Friday (09/05), the current account figure of Q1-2014 is expected to be released.

Indonesia's Foreign Exchange Reserves 2008-2014:

     2008    2009
   2010    2011    2012    2013    2014²
Foreign Exchange
   51.6    66.1    96.2   110.1   112.8     99.4    105.6

¹ in billion US dollar
² at end April 2014
Source: Bank Indonesia