The Statistics Indonesia (BPS) announced on November 4 that the country’s economic growth reached 5.02 percent in the third quarter, the lowest level in more than two years.
Indonesia's central bank cut interest rates for the fourth month in a row on October 24 as Southeast Asia's largest economy looks to counter slowing global growth.
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 posted its widest monthly trade deficit in history in April as exports plummeted, while the pace of fall in imports was slower than expected.
Indonesia’s external debt remained under control at healthy levels, apparent from its about 37 percent external debt-to-Gross Domestic Product ratio at the end of February, relatively unchanged from the earlier month and within the average of peer nations, according to a statement from the Bank Indonesia (BI).
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.
Bank Indonesia (BI) has forecast that next year its national economy will grow at almost the same rate as this year’s estimation of 5.1 percent, and domestic consumption will continue to serve as the main engine of growth.
Indonesia’s October deficit was recorded at 1.82 billion USD in line with strong domestic demand, according to Executive Director of the Bank Indonesia (BI) Communication Department Agusman.
Indonesia’s central bank on November 15 decided to raise its benchmark interest rate for the sixth time this year to lower the country’s yawning current-account deficit.
The International Monetary Fund (IMF)’s staff have raised a total of 2 billion Rupiah (around 131,000 USD) to assist survivors of earthquakes and subsequent tsunami in Indonesia’s Central Sulawesi province as well as quake-affected people in Lombok, West Nusa Tenggara province.
The central banks of Indonesia and the Philippines on September 27 decided to raise interest rates, following the similar move by the US’ Federal Reserve.
The central banks of Indonesia and Australia have agreed to extend the Bilateral Local Currency Swap Arrangement, which is due to expire in December 2018.
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.
Foreign capital inflows to the Indonesian financial market doubled to over 46 trillion IDR (3.54 billion USD) by the end of January, compared to 17 trillion IDR in the same period last year.
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