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Bank Indonesia Keeps Benchmark Rate at 4.25 Percent

TEMPO.CO, Jakarta – Bank Indonesia (BI) has decided to keep BI 7-day Reverse Repo Rate unchanged at 4.24 percent, whereas the deposit facility rate and lending facility rate are also kept at 3.50 percent and 5.00 percent, effective from November 17. “The decision is consistent with the efforts to maintain macroeconomic stability and financial system stability, as well as […]

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Pacific Alliance Eyes Trade Opportunities with Indonesia

TEMPO.CO, Jakarta – The Pacific Alliance, a regional integration of four countries, Chile, Colombia, Mexico and Peru, will hold the first trade and investment seminar in Indonesia in cooperation with the Indonesian Chamber of Commerce (Kadin) on November 21 in Jakarta. The Ambassador of Colombia to Indonesia, Jose Renato Salazar, said the union represents 41 percent of […]

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IMF Projects Indonesia’s Economy to Grow 5.3 Percent in 2018

TEMPO.CO, Jakarta – The International Monetary Fund (IMF) projects Indonesia`s economy in 2018 will reach 5.3 percent, or one percent lower than what the government targeted. Nevertheless, the IMF believes Indonesia’s economic growth is still quite good and can reach 6.5 percent in the next few years. “When compared to other countries, the Indonesian economy is doing well. […]

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