USD/IDR remains on the back foot around $14,335, down 0.08% intraday, as Indonesia reports strong Retail Sales figures for December during early Monday. Adding to the bearish bias could be a ray of hope concerning the Russia-Ukraine issue. That said, Indonesia’s Retail Sales for December rose past 10.8% to 13.8% YoY in December, per the […]
Read More[JAKARTA] Indonesia’s central bank will review policy rate levels in the third quarter to head off any spike in inflation next year, Governor Perry Warjiyo said on Thursday (Feb 10), after it decided to keep rates unchanged for now to bolster an economic recovery. Bank Indonesia (BI) kept steady its benchmark 7-day reverse repurchase rate […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia predicts higher economic growth in 2022. The central bank estimated the domestic economy to grow up to 5.5 percent this year, higher than 2021’s 4.7 percent. Bank Indonesia Governor Perry Warjiyo, said that the outlook is based on the support from vaccine rollout acceleration and the expanding reopening of economic activities. “As well as the continued […]
Read More(Bloomberg) — Indonesia’s central bank is expected to keep its key interest rate at a record low despite a recent hawkish shift in its messaging, seeking to balance support for the economic recovery with currency stability. Bank Indonesia is expected to keep the seven-day reverse repurchase rate at 3.5% on Thursday, according to all 31 […]
Read MoreUOB on Tuesday (Feb 8) said it believes economic recovery in Indonesia will persist in 2022 on expected growth in investment demand and the continued strength of exports. The research house keeps its forecast for the country’s 2022 baseline economic growth at 5 per cent, within a range of 4.7-5.3 per cent to reflect ongoing […]
Read MoreIndonesia has exceeded Singapore to lead ASEAN in terms of investment in the digital sector, according to Indonesian Vice President Ma’ruf Amin. Hanoi (VNA) – Indonesia has exceeded Singapore to lead ASEAN in terms of investment in the digital sector, according to Indonesian Vice President Ma’ruf Amin. Speaking at the recent national press day, the official said digitalisation has become […]
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