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.
Bank Indonesia (BI) and Bank Negara Malaysia (BNM) have launched a cross-border QR payment linkage, which will enable instant, secure and efficient cross-border payments between Indonesia and Malaysia.
Indonesia's central bank has slashed its forecast for 2021 economic growth to 3.8 percent from a previous forecast of 4.6 percent, based on early assessments of the impact of recent social restrictions.
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.
Indonesia posted its biggest trade deficit in seven months in November, as exports fell more than expected and imports of consumer goods soared ahead of year-end festivities.
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’s consumer consumption index (CPI) was in good control in July, according to the Bank Indonesia (BI)’s Executive Director for Communications Augusman.
The Bank Indonesia (BI) – the central bank - has made optimum use of big data to formulate policies expected to speed up the national economic growth, said BI Deputy Governor Erwin Rijanto.
ASEAN
