Indonesian Finance Minister Sri Mulyani Indrawati has projected that the country’s economy will grow 4.5 percent to 5.2 percent in the first quarter of 2022 amid uncertainty about the global economy due to the conflict in Ukraine.
Bank Indonesia (BI) is running a pilot project for a cross-border quick response (QR) payment linkage with the central banks of Malaysia and Thailand - Bank Negara Malaysia (BNM) and Bank of Thailand (BOT), in a bid to propel digitalisation and make transactions between the said countries more efficient.
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.
Bank Indonesia (BI) said it expects Indonesia’s gross domestic product (GDP) to increase by between 4.7 and 5.5 percent in 2022, higher than the previous forecast of 3,2-4 percent.
Indonesia’s central bank will purchase government bonds worth up to 439 trillion rupiah (30.46 billion USD) in 2021 and 2022 under a new agreement with the country's Ministry of Finance, according to Reuter, citing CNBC Indonesia's report on August 23.
Bank Indonesia (BI) has cut its 2021 economic growth forecast range for the Southeast Asian country to between 3.5-4.3 percent from 4.1-5.1 percent previously.
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.
The Governor of Bank Indonesia, Perry Warjiyo, and Managing Director of Brunei Darussalam Central Bank (BDCB), Rokiah Badar, have agreed to cooperate in combating money laundering and prevent the financing of terrorist activities in the payment system.
The World Bank’s Board of Executive Directors has approved a loan of 400 million USD to support reforms that will help the Government of Indonesia increase the depth, improve the efficiency, and strengthen the resilience of the financial sector.
Indonesia's inflation rate in December 2020 was clocked at 0.45 percent and 1.68 percent all through 2020, according to the Central Statistics Agency (BPS).
The World Bank and Indonesia’ environment and forestry ministry have signed a landmark agreement on Forest Carbon Partnership Facility (FCPF) worth 110 million USD.
Bank Indonesia (BI) sees bank lending to expand by 7 - 9 percent next year on the back of low-interest rates and recovery in the economy, according to its Governor Perry Warjiyo.
Indonesia's foreign debt, which includes government and private sector borrowings, in the third quarter of this year was recorded at 408.5 billion USD, a drop by 3.8 percent year-on-year, compared to 5.1 percent in the previous quarter, Bank Indonesia (BI) announced on November 16.