Jakarta (ANTARA) – Minister of Trade Muhammad Lutfi has said that the rise in the manufacturing Purchasing Managers’ Index (PMI), which reached 52.2 in September 2021, reflects increasing export optimism. “The optimism for increasing exports is shown by the manufacturing Purchasing Managers’ Index (PMI) jump in September 2021, which is in the position of 52.2. The […]
Read MoreIndonesia central bank left its key rates unchanged for the eighth consecutive meeting on Tuesday. The board of governors of Bank Indonesia decided to hold the the BI 7-Day reverse repo rate at 3.50 percent. The previous change in the rate was a quarter-point reduction in February. The deposit facility rate was maintained at 2.75 […]
Read MoreJAKARTA (CNA) – Indonesia and Malaysia will start planning for a travel corridor amid COVID-19, said the foreign ministers of both countries during a joint press conference yesterday. In a virtual press briefing, Indonesian Foreign Minister Retno Marsudi noted that from January to August this year, the trade value between both countries was USD13 billion. […]
Read MoreIndonesia’s central bank yesterday left its benchmark interest rate unchanged and extended policies to boost loan growth and consumption, seeking to bolster a recovery driven by commodity exports and border reopening. Bank Indonesia kept the seven-day reverse repurchase rate at a record-low 3.5 percent, as predicted by all 30 analysts in a Bloomberg survey, staying […]
Read More(Bloomberg) — Indonesia’s finance minister narrowed her projection for the budget deficit this year and next, as an economic rebound, tax reforms and rising commodity prices lead to higher revenue. The fiscal gap is set to reach 5.3% to 5.4% of gross domestic product in 2021, compared with an earlier estimate for 5.8%, Finance Minister […]
Read MoreBENGALURU, Oct 15 (Reuters) – Indonesia’s central bank will hold interest rates steady next week to bolster the economy as activity stalled by the recent devastating COVID-19 wave gradually gathers pace, according to a Reuters poll of economists. Since the onset of the pandemic, Bank Indonesia (BI) has slashed its benchmark seven-day reverse repurchase rate (IDCBRR=ECI) by […]
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