[JAKARTA] Indonesia’s central bank governor Perry Warjiyo said on Thursday early signs of inflation might be seen at the end of this year and would be the basis for Bank Indonesia (BI) to start considering raising its policy interest rates. Warjiyo said BI will rely more on bond yield differential flexibility to mitigate global spillover […]
Read MoreJAKARTA: Indonesia’s central bank adopted a more hawkish tone, signalling it’s ready to strike early to temper volatility in the rupiah and bond yields as global markets sell off in anticipation of United States rate hikes. “The principle we will conduct with is what we call a preemptive, ahead-of-the curve, front-loading policy,” deputy governor Dody […]
Read MoreDigital payments have gained substantial traction in Indonesia. It is now extensively used by more than half of its population. The country has become a leader in adopting digital payments at the national level. According to a recent survey, Indonesia’s e-commerce sector is expecting 50% year-on-year growth, with its value set to reach US$35 billion in […]
Read MoreJAKARTA: Indonesia’s Financial Services Authority (OJK) on Tuesday warned that financial firms are not allowed to offer and facilitate sales of crypto assets amid a boom in crypto trading in Southeast Asia’s largest economy. “OJK has strictly prohibited financial service institutions from using, marketing, and/or facilitating crypto asset trading,” the regulator said in a statement […]
Read MoreSome of the most radical practitioners of monetary easing are falling into line. The first two years of the pandemic were defined by ultra-low interest rates and a rare degree of experimentation to boost growth and steady markets. This wasn’t just a feature of advanced economies: Emerging markets also jumped into the fray. Few were […]
Read More(Bloomberg) — Indonesia and Singapore are starting a quarantine-free travel between the two countries to spur the economy as Covid-19’s omicron cases become more dominant. A dedicated travel bubble arrangement between the resort islands of Batam-Bintan in Indonesia and the city state would boost tourism and other economic activities, according to Coordinating Minister for Economic […]
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