Below is a list with tagged columns and company profiles.

Today's Headlines Bank Indonesia

  • Foreign Exchange Reserves Indonesia Grew in March 2017

    Foreign Exchange Reserves Indonesia Grew in March 2017

    The central bank of Indonesia (Bank Indonesia) said the nation's foreign exchange reserves rose to USD $121.8 billion in late March 2017 from USD $119.9 billion in the preceding month. The increase was primarily attributed to proceeds from tax collection, state revenue from the oil & gas sector, the issuance of global bonds and the auction of Bank Indonesia foreign exchange bills.

    Read more ›

  • Bank Indonesia: Annual March Inflation Expected Below 3.83%

    Bank Indonesia: Annual March Inflation Expected Below 3.83%

    The central bank of Indonesia (Bank Indonesia) expects Indonesia's headline inflation to ease in March 2017 as food prices are under control and can therefore offset the inflationary pressures that are caused by administered price adjustments (higher electricity tariffs). In February 2017 Indonesia's inflation rate accelerated to 3.81 percent (y/y) due to the ongoing impact of the higher electricity tariffs that were introduced by the government in January as well as a number of big floods that curtailed distribution channels across parts of Sumatra and Java.

    Read more ›

  • Stock Market Indonesia: Jakarta Composite Index at Record High

    Stock Market Indonesia: Jakarta Composite Index at Record High

    Indonesia's benchmark Jakarta Composite Index finished at an all-time record level on Friday (17/03), supported by mostly rising Asian stocks as global investors are attracted again by higher-yielding assets in emerging markets after the US Federal Reserve turned out to be not as "hawkish" as market participants had assumed. Indeed the Fed raised its key Fed Funds Rate by 25 basis points at the March policy meeting but the US central bank emphasized that further interest rate hikes would be gradual.

    Read more ›

  • Bank Indonesia Also Expects US Interest Rate Hike in March 2017

    Bank Indonesia Also Expects US Interest Rate Hike in March 2017

    The central bank of Indonesia (Bank Indonesia) is also among the many institutions or market participants that expect the Federal Reserve to raise its Fed Funds Rate by 25 basis points at the coming Federal Open Market Committee (FOMC) meeting (14-15 March 2017). This move should put some temporary pressure on the Indonesian rupiah (as Indonesia will most likely see capital outflows) and therefore Bank Indonesia sees few to none room for additional monetary easing in Southeast Asia's largest economy in the remainder of this year.

    Read more ›

  • Indonesia's Foreign Exchange Reserves Rise in February 2017

    Indonesia's Foreign Exchange Reserves Rise in February 2017

    Bank Indonesia, the central bank of Indonesia, announced that the nation's foreign exchange reserves had grown to USD 119.9 billion at end-February 2017, up from USD $116.9 billion in the preceding month (and the third straight month of growth). The increase was primarily attributed to foreign exchange receipts, which includes tax revenues and the government's oil & gas export proceeds. The rise was also possible on the back of the withdrawal of government foreign loans as well as the auction of Bank Indonesia foreign exchange bills (SBBI).

    Read more ›

  • Non Performing Loans (NPLs) May Rise in Indonesia's Banking Sector

    Non Performing Loans (NPLs) May Rise in Indonesia's Banking Sector

    Chances are big that the banking sector of Indonesia will see the non performing loan (NPL) ratio rise up to the range of 3.0 - 3.5 percent in 2017. Anton Gunawan, Chief Economist at state-controlled Bank Mandiri, says the rising NPL ratio is not so much caused by the lower quality of credit in Indonesia's banking system. The bigger problem is rising "special mention" loans, a loan grade that refers to assets that pose potential weaknesses that require close attention.

    Read more ›

  • Bank Indonesia Cuts Economic Growth Forecast for Quarter 1-2017

    Bank Indonesia Cuts Economic Growth Forecast for Quarter 1-2017

    The central bank of Indonesia cut its outlook for Indonesia's economic growth in the first quarter of 2017. Earlier, the lender of last resort estimated Indonesia's Q1-2017 gross domestic product (GDP) at 5.05 percent year-on-year (y/y). Although the new growth projection has not been unveiled yet, Bank Indonesia Governor Agus Martowardojo said it sees GDP growth now below 5.05 percent (y/y) in the first quarter of the year.

    Read more ›

  • Bank Indonesia: Current Account Deficit at 2.4% of GDP in 2017

    Bank Indonesia: Current Account Deficit at 2.4% of GDP in 2017

    The central bank of Indonesia (Bank Indonesia) expects Indonesia's current account deficit (CAD) to widen to 2.4 percent of the nation's gross domestic product (GDP), or about USD $23 billion, in 2017. Therefore, Bank Indonesia Governor Agus Martowardojo said the CAD remains one of the bigger challenges for Indonesia in the foreseeable future. In 2016 the nation's CAD had in fact eased to 1.8 percent of GDP (or USD $17 billion) on the back of a big improvement in the last quarter of 2016.

    Read more ›

  • Bank Indonesia Sees Widening Current Account Deficit in 2017

    Bank Indonesia Sees Widening Current Account Deficit in 2017

    The central bank of Indonesia (Bank Indonesia) expects the nation's current account deficit to widen to 2.4 percent of gross domestic product (GDP) in 2017 due to expectation of rising imports in Indonesia this year. These rising imports come on the back of growing investment realization in Southeast Asia's largest economy. This projection is significantly higher compared to the estimated USD $17 billion, or 1.8 percent of GDP, current account deficit in 2016.

    Read more ›

  • Foreign Exchange Reserves of Indonesia Rise in December 2016

    Foreign Exchange Reserves of Indonesia Rise in December 2016

    The central bank of Indonesia (Bank Indonesia) announced that the nation's foreign exchange reserves climbed to USD $116.4 billion at the end of December 2016, up from USD $111.5 billion one month earlier. Growth was attributed to foreign exchange receipts, primarily stemming from the issuance of government global bonds debt securities, the withdrawal of government foreign loans, tax revenues and oil & gas export proceeds, that all surpassed the use of foreign exchange for government external debt repayments and Bank Indonesia's maturing foreign exchange bills.

    Read more ›

Latest Columns Bank Indonesia

  • Optimism about the Performance of the Indonesian Rupiah Rate in 2014

    Optimism about the Performance of Indonesian Rupiah Rate in 2014

    The central bank of Indonesia (Bank Indonesia) is optimistic that the country's currency will continue to appreciate against the US dollar in the first quarter of 2014. Executive Director at the Economic and Monetary Policy Department of Bank Indonesia Juda Agung said that there are two factors that impact positively on the performance of the Indonesian rupiah exchange rate: the improved global economy and strengthening domestic economic fundamentals. However, Agung declined to estimate the value of the rupiah by the end of Q1-2014.

    Read more ›

  • Bank Indonesia: Export Ban Causes Slowing Economy Eastern Regions

    Bank Indonesia: Export Ban Causes Slowing Economic Growth in Eastern Regions

    The central bank of Indonesia (Bank Indonesia) believes that Indonesia's recently introduced ban on the export of unprocessed minerals, in effect since 12 January 2014, will result in slowing economic growth in several regions in the eastern part of Indonesia as these regions are main sources of mineral production. Doddy Zulverdi, Head of the Economic Assessment Group in Bank Indonesia's Department of Economic and Monetary Policy, said that Sulawesi and Kalimantan will post slowing economic growth this year.

    Read more ›

  • Jakarta Composite Index and Rupiah Continue Winning Streaks

    The Jakarta Composite Index (Indonesia's benchmark stock index, also known as IHSG) continued its upward rally on Monday (17/02) even though it had concerned us that the index almost touched its 'overbought' level. Especially as the index posted limited gain by the end of last week, it made us unsure about its performance on Monday. And while there are several factors that caused positive market sentiments, we still warn for potential weakening of the index due to profit taking. On Monday (17/02), the IHSG rose 1.05% to 4,555.37 points.

    Read more ›

  • Indonesia's Rupiah Extends Momentum on China Lending and Trade Data

    Indonesia's Rupiah Continues Momentum on China Lending and Trade Data

    The Indonesian rupiah exchange rate continued its recent appreciating trend on Monday (17/02). Based on the Bloomberg Dollar Index, the currency strengthened 0.39 percent to IDR 11,785 per US dollar at 16:00 local Jakarta time. Main reason for this renewed confidence in the rupiah is Indonesia's current account deficit, which eased significantly by the end of 2013. According to Bank Indonesia, the deficit eased from 4.4 percent of gross domestic product (GDP) in the second quarter of 2013 to 1.98 percent of GDP in Q4-2013.

    Read more ›

  • Indonesia's Stock Index Down 0.10% But Rupiah Strengthens Sharply

    The weakening Dow Jones Index on Wednesday (12/02) caused negative market sentiments in Asia the following day. Most Asian indices, including Indonesia's Jakarta Composite Index (IHSG), were down. Not even the announcement that Bank Indonesia decided to maintain its benchmark interest rate (BI rate) at 7.50 percent was able to push the IHSG back in the green zone. Investors probably already anticipated the central bank's decision as it was in line with the market's expectation.

    Read more ›

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

    Official Press Release of Bank Indonesia: BI Rate Kept at 7.50%

    At Bank Indonesia's Board of Governors’ Meeting today (13/02), it was decided to maintain the country's benchmark interest rate (BI rate) at 7.50 percent as well as the interest rates on the Lending Facility and Deposit Facility at 7.50 percent and 5.75 percent respectively. The policy is consistent with the tight monetary policy stance currently adopted in order to steer inflation back towards its target corridor of 4.5±1 percent in 2014 and 4±1 percent in 2015, as well as to reduce the current account deficit to a more sustainable level.

    Read more ›

  • Inflation Update January 2014: Analysis of Indonesia's 1.07% of Inflation

    Inflation Update January 2014: Analysis of Indonesia's 1.07% of Inflation

    The pace of Indonesia's monthly January inflation rate was higher in 2014 than in the same month during the past five years. This relatively high inflation rate this year, recorded at 1.07 percent, was caused by severe rainfall and floods in several parts of Indonesia (particularly in the cities of Jakarta and Manado) amid the peak of the rainy season. These weather-related circumstances impacted on prices of food products as distribution channels were disrupted, thus giving rise to increasing prices. Annual inflation, however, slightly eased.

    Read more ›

  • Analysis: What Caused Indonesia's Slowing Economic Growth in 2013

    Analysis: What Caused Indonesia's Slowing Economic Growth in 2013

    On Wednesday 5 February 2014, Statistics Indonesia (BPS, a non-departmental government institute) is expected to release Indonesia's official GDP growth figure for the year 2013. It is estimated that the outcome will be the lowest GDP growth figure since 2009 when Southeast Asia's largest economy grew 4.6 percent after feeling the impact of the global financial crisis. In 2013, again, Indonesia felt the negative influence of external troubles. And in combination with domestic factors, Indonesia's economic growth is expected to be around 5.7 percent in 2013.

    Read more ›

  • Indonesia Rupiah Rate Depreciates 0.18% amid Inflation Concern

    The Indonesia rupiah exchange rate depreciated 0.18 percent to IDR 12,165 at 16.30 local Jakarta time on Thursday (23/01), based on the Bloomberg Dollar Index. Main reason for this decline is concern that Indonesia's central bank (Bank Indonesia) will maintain its benchmark interest rate (BI rate) at 7.50 percent despite an expected increase in January inflation due to massive floods as well as higher industrial electricity and LPG prices. Indonesia's January inflation rate is estimated to be around 1 percent.

    Read more ›

  • Analyst Opinion: Bank Indonesia's Interest Rate Might Be Raised Again

    According to Fauzi Ichsan, Managing Director at Bank Standard Chartered Indonesia, there is a possibility that Indonesia's central bank (Bank Indonesia) will raise its benchmark interest rate (BI rate) from 7.50 percent to 8 percent at the next Board of Governor's Meeting as the country's current account deficit has not improved markedly yet. The deficit stood at about 3.5 percent of the country's gross domestic product (GDP) at the end of 2013. Bank Indonesia intends to lower the deficit to a sustainable level of below 3 percent in 2014.

    Read more ›

Associated businesses Bank Indonesia