Vietnamplus

Bank Indonesia (BI) and the Bank of Korea (BoK) on March 6 agreed to renew a bilateral local currency swap agreement for up to 115 trillion rupiah or 10.7 trillion won (7.52 billion USD).

Bank Indonesia (BI) on November 17 raised its key interest rate by 50 basis points for a third consecutive month, saying it will enhance its response to "high" inflation expectations amid a strong economic backdrop.

The high inflation rate in Indonesia is likely to continue in 2023, as Bank Indonesia (BI) projects that prices will remain at a high level.

The Bank Indonesia (BI) on May 6 committed extra efforts to bolster the economy in the context that the country’s economic growth is forecast to weaken 0.4 percent in the second quarter due to coronavirus containment measures.

Bank Indonesia (BI) said on April 3 that it is in talks with the US Federal Reserve (Fed) about potential currency swaps, while also preparing bilateral swaps with the central banks of China and Australia.

Bank Indonesia (BI) has vowed to maintain the country’s financial market stability amid expectations that economic growth will slow due to the spread of the COVID-19 outbreak.

Capital inflows to Indonesia stood at 192.5 trillion Rp (13.82 billion USD) as of July 18, indicating investors’ stronger confidence in the country’s economy, according to the Bank Indonesia (BI).

Indonesia has cut interest rates for the first time in nearly two years as Southeast Asia’s largest economy seeks to boost economic growth.

Bank Indonesia (BI) said on November 27 that it will continue to adopt its pre-emptive and ahead-of-the-curve monetary policy in a bid to maintain economic stability amid the high external pressure in 2019.