Below is a list with tagged columns and company profiles.

Today's Headlines Bank Indonesia

  • Bank Indonesia Estimates GDP Growth at 5.05% in 2017, 6% by 2022

    The central bank of Indonesia (Bank Indonesia) stated on Thursday (28/12) that it expects to see Indonesia's economic growth at 5.05 percent year-on-year (y/y) in full-year 2017, up modestly from 5.02 percent (y/y) in the preceding year. Bank Indonesia Governor Agus Martowardojo said the Indonesian economy is recovering unevenly yet gradually.

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  • Bank Indonesia Keeps Key Interest Rate at 4.25% in December 2017

    Bank Indonesia, the central bank of Indonesia, left its benchmark interest unchanged at the final (regular) policy meeting of 2017. The BI 7-day Reverse Repo Rate was kept at 4.25 percent on Thursday (14/12). Meanwhile, the deposit facility and lending facility were kept at 3.50 percent and 5.00 percent, respectively (effective per 15 December 2017).

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  • Indonesian Rupiah May Weaken Ahead of Looming Fed Rate Hike

    Approaching the Federal Open Market Committee (FOMC) meeting - scheduled for 12-13 December 2017 - the Indonesian rupiah exchange rate remained stable on Monday (11/12). By 15:00 pm local Jakarta time, the rupiah had strengthened 0.01 percent to IDR 13,548 per US dollar (Bloomberg Dollar Index). However, several analysts warn that the rupiah is likely to depreciate if the US Federal Reserve will indeed raise its benchmark interest rate.

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  • Foreign Exchange Reserves Indonesia Fall in November 2017

    Indonesia's foreign exchange reserves fell in November 2017. At the end of November the nation's foreign exchange reserves stood at USD $125.97 billion, down from USD $126.55 billion at the end of the preceding month. Despite the decline, the exchange assets can still adequately cover 8.4 months of imports or 8.1 months of imports and servicing of government external debt repayments, well above international standards at 3 months of imports.

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  • Can Bank Indonesia Leave Its Key Rate Unchanged in December?

    The central bank of Indonesia (Bank Indonesia) will conduct its final monthly policy meeting for 2017 on 13-14 December. Based on statements made by Bank Indonesia Deputy Governor Dody Budi Waluyo on Wednesday (06/12) at Bloomberg's Year Ahead Asia Conference, the benchmark interest rate of Indonesia will likely remain unchanged at 4.25 percent at this year's final policy meeting.

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  • Bank Indonesia to Ban Bitcoin Payment Transactions in 2018

    The central bank of Indonesia (Bank Indonesia) will soon issue a new regulation in which it bans the use of bitcoin for domestic payments starting from 2018. Bitcoin is a (virtual) digital currency that is traded at cryptocurrency exchanges for fiat currencies. According to Bank Indonesia, however, the use of bitcoin undermines the sovereignty of the Indonesian rupiah.

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  • Moody's Advises Bank Indonesia to Pause Monetary Easing Drive

    Today, the central bank of Indonesia (Bank Indonesia) decided to keep its key interest rate - the seven day reverse repo rate - at 4.25 percent, a decision that had been expected by most - if not all - analysts as there have been rising pressures on the rupiah exchange rate after two surprise rate cuts in August and September, while there remain plenty of external matters that make investors careful about investing in emerging market assets.

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  • Bank Indonesia Kept Key Interest Rate at 4.25% in October 2017

    Bank Indonesia held its key rate at 4.25 percent at the October 2017 policy meeting. This decision was in line with expectations. In fact, previously, Bank Indonesia officials had already indicated that they would pause their eagerness to ease monetary policy. Since January 2016, the central bank of Indonesia had already cut the benchmark interest rate eight times from 7.25 percent to 4.25 percent in an effort to boost economic growth.

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  • Bank Indonesia Governor Agus Martowardojo Wins Award

    The governor of Indonesia's central bank (Bank Indonesia), Agus Martowardojo, won the Governor of the Year award for the East Asia-Pacific region. The winner of the award was announced by Global Markets, a newspaper that is part of Euromoney Institutional Investor.

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Latest Columns Bank Indonesia

  • Bank Indonesia’s Key Interest Rate Expected to Be Kept at 7.50%

    Although the business community in Indonesia requests that the country’s benchmark interest rate (BI rate) is lowered at Bank Indonesia’s next Board of Governor’s Meeting (scheduled for Thursday 12 June 2014), it is highly unlikely that the central bank will alter its BI rate which currently stands at 7.50 percent. The relatively high BI rate curbs business expansion and therefore limits higher economic expansion in Indonesia. However, several factors justify the continuation of the BI rate at 7.50 percent.

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  • Bank Indonesia Expects Indonesian Economy to Grow 5.3% in Q2-2014

    The central bank of Indonesia (Bank Indonesia) expects Indonesia’s economy to grow by 5.3 percent in the second quarter of 2014. If realized, it means that gross domestic product (GDP) of Southeast Asia’s largest economy will accelerate from the disappointing GDP growth result recorded in the first quarter of 2014 (5.21 percent). Perry Warjiyo, Deputy Governor at Bank Indonesia, said that growth in Q2-2014 will be primarily supported by household consumption and investments which traditionally peak in the second quarter.

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  • Official Bank Indonesia Press Release: Trade Balance and Inflation

    According to Statistics Indonesia (BPS), the country's balance of trade in April 2014 recorded a deficit of USD $1.96 billion, after having recorded a surplus of USD $0.67 billion in March. The balance of trade performance in April 2014 was particularly affected by the country's non-oil & gas balance, which turned from a surplus into a deficit, whereas a lower deficit in the oil & gas trade balance was realized (compared to March 2014). Meanwhile, inflation in May 2014 was slightly higher at 0.16 percent (mtm) from the previous month.

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  • Small Loss for the Benchmark Indonesian Stock Index on Thursday

    Contrary to most Asian stock indices, the benchmark stock index of Indonesia (known as IHSG or the Jakarta Composite Index) declined on Thursday (08/05). Positive sentiments that were provided by the BI rate (Indonesia's benchmark interest rate) that was kept at 7.50% in today's Bank Indonesia Board of Governors' Meeting, and China's higher-than-expected trade balance in April 2014 (USD $18.5 billion), were offset by the depreciating rupiah exchange rate and foreign net selling of Indonesian stocks. The IHSG fell 0.02 percent to 4,860.89 points.

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  • Official Press Release Bank Indonesia: BI Rate Maintained at 7.50%

    The central bank of Indonesia (Bank Indonesia) decided at today’s Bank Indonesia Board of Governors’ Meeting, convened on 8 May 2014, to maintain the country's benchmark interest rate (BI rate) at 7.50 percent, with the Lending Facility rate and Deposit Facility rate held at 7.50 percent and 5.75 percent respectively. This policy is consistent with efforts to steer the rate of inflation towards its target corridor of 4.5±1 percent in 2014 and 4.0±1 percent in 2015, as well as to reduce the current account deficit to a more sustainable level.

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  • Update on Indonesian April Inflation and March Trade Balance Data

    The central bank of Indonesia (Bank Indonesia) stated that the country's inflation outcome in April 2014 is further evidence of a continuing downward trend. In fact, Indonesia's consumer price index (CPI) in April recorded deflation of -0.02 percent month-to-month (mtm) or 7.25 percent year-on-year (yoy), thus easing compared to 0.08 percent (mtm) of inflation or 7.32 percent (yoy) in March 2014. Since January 2014, Indonesia has now recorded moderating inflation, both on a monthly and annual basis.

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  • Standard & Poor’s Affirms Indonesia's BB+/stable outlook Sovereign Rating​

    Standard & Poor’s (S&P) affirmed Indonesia's sovereign credit rating at BB+/stable outlook. Favorable fiscal and debt metrics as well as moderately strong growth prospects were cited as the key factors supporting the affirmation of Indonesia's sovereign credit rating. On the other hand, moderately weak institutional strength, low GDP per capita and external vulnerability are factors that can negatively influence the rating. S&P also expects that Indonesia's sustainable economic policies will be maintained after the 2014 presidential election.

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  • Bank Indonesia May Hike Interest Rates to Safeguard Financial Stability

    Standard Chartered Bank Economist Eric Sugandi expects that the central bank of Indonesia (Bank Indonesia) will have raised its benchmark interest rate (BI rate) by 50 basis points (bps) to 8.00 percent by the end of 2014. Sugandi also said that it is highly unlikely that Bank Indonesia will lower its BI rate in the next two years amid further Federal Reserve tapering and possible US interest rate hikes in 2015 and 2016. Moreover, the Indonesian government may still decide to reduce fuel subsidies further (thus triggering inflationary pressures).

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  • Bank Indonesia Projects Indonesia's GDP Growth at 5.77% in Q1-2014

    The central bank of Indonesia (Bank Indonesia) expects Indonesia's economic growth to slow to 5.77 percent (year-on-year) in the first quarter of 2014. However, despite this further slowing trend, the institution is content with recent macroeconomic developments: external demand is growing, while domestic demand is moderating, thus impacting positively on the country's current account deficit as well as inflation. Household consumption is expected to have grown in Q1-2014 due to the holding of legislative elections on 9 April 2014.

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  • Bank Indonesia Maintains Benchmark Interest Rate (BI Rate) at 7.50%

    The central bank of Indonesia (Bank Indonesia) decided to maintain its benchmark interest rate (BI rate) at 7.50 percent at the Board of Governors’ Meeting held on Tuesday 8 April 2014. The Lending Facility rate and Deposit Facility rate were held at 7.50 percent and 5.75 percent respectively. This policy is consistent with ongoing efforts to steer inflation back towards its target corridor of 4.5±1 percent in 2014 and 4.0±1 percent in 2015, as well as to reduce the current account deficit to a more sustainable level.

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