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Today's Headlines Rupiah

  • Bank Indonesia: Rupiah Not Affected by North Korea Turmoil

    Bank Indonesia: Rupiah Not Affected by North Korea Turmoil

    The central bank of Indonesia (Bank Indonesia) is convinced that geopolitical troubles on the Korean peninsula will not impact negatively on the Indonesian rupiah exchange rate. Bank Indonesia Agus Martowardojo said he sees little impact (yet) but emphasized that the lender of last resort will continue to carefully monitor persistent tensions that have heightened after North Korea's latest nuclear test - its biggest-ever - on Sunday (03/09).

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  • Stock Market Update: Asia in the Red on North Korea Turmoil

    Stock Market Update: Asia in the Red on North Korea Turmoil

    On Wednesday (06/09) Asian stocks are following the example of Wall Street's slide overnight. The benchmark MSCI Asia was down 0.66 percent by 10:15 am local Jakarta time on Wednesday morning. This weak performance is attributed to persistent concerns about North Korea's provocative behavior, while any non-violent sanctions against North Korea will unlikely encourage the nation to stop its nuclear program.

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  • Asian Stock Markets Hit by North Korea's Largest-Ever Nuclear Test

    Asian Stock Markets Hit by North Korea's Largest-Ever Nuclear Test

    Asian stocks are in red territory on Monday (04/09), as expected, amid heightened concerns about North Korea's nuclear program. Over the weekend the nation conducted its sixth - and most powerful - nuclear test. Even more alarming, North Korea claims it has developed a hydrogen bomb; a bomb that is more powerful than the atomic bombs that were dropped on Japan's Hiroshima and Nagasaki by the United States in World War II.

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  • State Budget Proposal Indonesia: Slight Rupiah Weakening Expected

    State Budget Proposal Indonesia: Slight Rupiah Weakening Expected

    The Indonesian government proposed the rupiah value at IDR 13,500 per US dollar in the 2018 State Budget (that still requires approval from the House of Representatives). This implies the government expects the rupiah to depreciate modestly in the period ahead. Currently, the rupiah is trading at IDR 13,356 per US dollar (21/08). In the Revised 2017 State Budget the rupiah value target was set at IDR 13,400 per US dollar.

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  • Currency of Indonesia: Jokowi Approves Rupiah Redenomination Plans

    In local Indonesian media it is reported that Indonesian President Joko Widodo has given his blessing to the central bank (Bank Indonesia)'s plan to redenominate the rupiah. Bank Indonesia has already prepared a draft bill on the redenomination of the Indonesian Rupiah with the aim to improve economic efficiency and to create smoother commercial transactions. While the rupiah value would remain unchanged, the draft bill eyes to remove the last three zeros on all rupiah bills and coins.

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  • Stock Market & Currencies News: Pressures in Asia on Monday

    Stock Market & Currencies News: Pressures in Asia on Monday

    Indonesia's benchmark Jakarta Composite Index is expected to be under pressure on Monday (24/07) as markets await the release of corporate earnings reports (for example Amazon.com Inc, GlaxoSmithKline Plc and Credit Suisse Group AG will release their earnings this week) as well as the Federal Reserve meeting on Wednesday (26/07). The Fed is expected to keep its monetary policy unchanged but investors will be looking for clues about the timing of the unwinding of the balance sheet.

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  • Stock Market Update Asia: What Is Affecting Markets Today?

    Stock Market Update Asia: What Is Affecting Markets Today?

    Asian shares are under pressure on Friday morning (07/07) due to declines on Wall Street overnight. These declines were caused by the ADP jobs report, released on Thursday (06/07), that missed estimates as well as by rising tensions surrounding North Korea's ballistic missile tests and a tech sell-off. Meanwhile, global sovereign debt yields rose on expectation that the European Central Bank (ECB) is moving closer toward unwinding its massive monetary stimulus.

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  • Stock Market & Currency Indonesia: New Record after Holiday

    Stock Market & Currency Indonesia: New Record after Holiday

    After the week-long holiday Indonesian stocks made an impressive return on Monday (03/07). Indonesia's benchmark Jakarta Composite Index surged 1.38 percent to 5,910.24 points, another record high position, led by financial and telecommunication stocks. Investors were in the mood to buy Indonesian shares after the long holiday. Moreover, positive Chinese economic data and Indonesia's easing core inflation provided more reasons for investor appetite.

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  • Federal Reserve Raises Rates, What's the Impact on Asian Assets?

    Federal Reserve Raises Rates, What's the Impact on Asian Assets?

    In line with expectations the US Federal Reserve announced to raise its key interest rate by 25 basis points to 1.00 - 1.25 percent after conclusion of the June policy meeting on Wednesday (14/06), its second hike in 2017. It also announced it will soon start its balance sheet unwinding plan, meaning cutting its massive (USD $4.5 trillion) holdings of bonds and securities. The Fed also informed US inflation will remain below its target with core inflation slowing for a fourth month in May 2017. But despite soft inflation, it goes ahead with monetary tightening.

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  • Stock Market & Currency Update: Asian Markets Relieved on Friday

    Stock Market & Currency Update: Asian Markets Relieved on Friday

    Markets in Asia seem relieved one day after "Super Thursday" as there were no major upsets that rocked stock and currency markets (with the exception of the British pound that depreciated significantly after exit polls suggest the United Kingdom is heading for a hung parliament with May's Conservatives losing the clear majority). Meanwhile, the Comey testimony and ECB policy meeting had no destabilizing impact on Wall Street. Hence, US stocks gave big support to Asian markets on Friday (09/06).

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Latest Columns Rupiah

  • Indonesian Currency Update: Rupiah Weakens Against US Dollar in March

    Indonesian Currency Update: Rupiah Weakens Against US Dollar in March

    The Indonesian rupiah rate weakened against the US dollar in March 2019. Bank Indonesia’s benchmark JISDOR rate finished the third month of the year at a position of IDR 14,244 per US dollar, down 1.29 percent compared to the level of IDR 14,062 per US dollar that was set at the last trading day of February 2019. Nevertheless, compared to the start of the year, the rupiah has remained in positive territory, having appreciated 1.64 percent against the US greenback in the first quarter of 2019.

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  • Monetary Policy Indonesia: the Need for Hawkish Statements Reduces

    Monetary Policy Indonesia: the Need for Hawkish Statements Reduces

    In line with expectations, the central bank of Indonesia (Bank Indonesia) kept its benchmark BI 7-Day Reverse Repo Rate at 6.00 percent at the February policy meeting that was held on 20-21 February 2019. Also the deposit facility and lending facility rates were kept at 5.25 percent and 6.75 percent, respectively.

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  • Currency Update: Strong Rupiah Performance in the First Month of 2019

    Currency Update: Strong Rupiah Performance in the First Month of 2019

    The Indonesian rupiah appreciated markedly in January 2019, and reached its strongest level since the end of June last year. The benchmark JISDOR rate of Bank Indonesia ended the first month of 2019 at IDR 14,072 per US dollar, strengthening from the level of IDR 14,481 per US dollar at the last trading day of 2018. Or, in other words, the rupiah managed to appreciate 2.82 percent against the greenback in the first month of 2019.

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  • Monetary Policy: Bank Indonesia Leaves Interest Rates Unchanged in December

    Monetary Policy: Bank Indonesia Leaves Interest Rates Unchanged in December

    In line with expectations, the central bank of Indonesia (Bank Indonesia) left its interest rates unchanged at the last monetary policy meeting of 2018 (held on 19-20 December 2018). The benchmark BI 7-Day Reverse Repo Rate was held at 6.00 percent, while the deposit facility and lending facility rates were kept at 5.25 percent and 6.75 percent, respectively.

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  • CEOs’ Perceptions of the National Economy and Politics Improves in Q4-2018

    CEOs’ Perceptions of the National Economy and Politics Improves in Q4-2018

    It are challenging times for businessmen and investors in Indonesia. An escalating trade war between the United States and China is felt by emerging markets including Indonesia. For example, the rupiah has weakened to a 20-year low against the US dollar. Meanwhile, Indonesia's legislative and presidential elections are scheduled for April 2019 and the results can have big consequences for the country's investment climate.

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  • Indonesian Gov't Confused: Postpone Power Projects or Not?

    Indonesian Gov't Confused: Postpone Power Projects or Not?

    Based on the latest reports - and contrary to earlier plans - the Indonesian government will not postpone the development of 15,200 MW of power projects. Earlier the government said it wanted to delay various power projects in an effort to curtail imports, thus improve the country's current account balance and ease heavy pressures on the rupiah exchange rate.

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  • Indonesia Sees Widening Current Account Deficit in Q2-2018

    Indonesia Sees Widening Current Account Deficit in Q2-2018

    Concerns about Indonesia's current account balance increased after Bank Indonesia announced last week that the country's current account deficit widened to USD $8.02 billion, or 3.0 percent of gross domestic product (GDP), in the second quarter of 2018. It is Indonesia's highest quarterly deficit since Q3-2014, thus putting additional pressures on the rupiah exchange rate.

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  • Economy of Indonesia is Facing Several Big Challenges

    Economy of Indonesia is Facing Several Big Challenges

    There are doubts whether Indonesia's gross domestic product (GDP) growth can reach 5.2 percent year-on-year (y/y) in full-year 2018 as Indonesia is experiencing a couple of major challenges. Challenges include the global trade war, the fragile rupiah, Bank Indonesia's higher benchmark interest rate, the current account deficit, and political tensions ahead of the 2019 legislative and presidential elections. Currently, Indonesia Investments' forecast for Indonesia's economic growth is set at 5.2 percent (y/y) in 2018.

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  • CEOs' Optimism about Indonesian Economy & Politics Falls Slightly

    CEOs' Optimism about Indonesian Economy & Politics Falls Slightly

    Chief executive officers (CEOs) in Indonesia have become slightly less optimistic about the Indonesian economy and politics. This makes sense considering the presence of simmering global trade tensions, sharp rupiah depreciation against the US dollar, and Bank Indonesia's recent series of interest rate hikes.

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