JAKARTA : Indonesia’s central bank may hike its reserve requirement ratio (RRR) further if inflation starts to pick up, while the option to raise interest rates will be its last resort, its senior deputy governor said in a seminar on Friday. Bank Indonesia (BI) has already started normalising some of its pandemic-era ultra loose monetary […]
Read MoreINDONESIA’S central bank cut its 2022 economic growth outlook on Tuesday (Apr 19) amid risks from inflation and geopolitical tensions while it left interest rates at a record low to bolster the recovery. Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate at 3.50 per cent, as expected by all economists in a Reuters […]
Read MoreJAKARTA: Indonesia’s central bank kept its benchmark interest rate unchanged to support the economy’s flagging recovery, while working with the government to manage price pressures fuelled by the Russia-Ukraine conflict. Bank Indonesia (BI) held the seven-day reverse repurchase rate at a record low of 3.5% yesterday as expected by all 29 economists in a Bloomberg […]
Read MoreINDONESIA recorded a 10.3 trillion rupiah (S$981.2 million) budget surplus in the first quarter of 2022, equivalent to 0.06 per cent of GDP, as high commodity prices and an improving domestic economy boost revenue, its finance minister said. The surplus was in stark contrast to 2021’s 143.7 trillion rupiah budget deficit, when the country’s fiscal […]
Read MoreIndonesia’s exports and imports hit record highs in March amid commodity price rises due to the impacts of the Ukraine war, helping the resource-rich country book a larger-than-expected trade surplus, statistics bureau data showed on Monday (Apr 18). March exports from Indonesia were worth US$26.5 billion, up 44.36 per cent on a yearly basis and […]
Read MoreJAKARTA, April 10 (Jakarta Post/ANN): President Joko “Jokowi” Widodo’s approval ratings have taken a modest hit amid rising inflation, with analysts undecided as to how far his popularity might further wane. Indonesians have been feeling the pinch of the rising global commodity prices and an energy crisis that have been exacerbated by Russia’s invasion of […]
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