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Surprisingly, BI Cuts Benchmark Rates by 25 bps to 4.25%

JAKARTA (TheInsiderStories) - Board of governor Bank Indonesia (BI) decided cut its 7-Day Reverse Repo Rate (BI-7DRR) by 25 basis points (bps) to 4.25 percent, Deposit...

Indonesia’s Forex Reserves Rises to US$130.5B in May

JAKARTA (TheInsiderStories) - Indonesia' foreign exchange (forex) reserves rose to US$130.5 billion in May from previous month at $127.9 billion, the central bank reported today (06/08)....

Hajj Financial Agency Ready to Help BI to Curb Rupiah Movement

JAKARTA (TheInsiderStories) - The Head of the Hajj Financial Management Agency said could uses their funds to help Bank Indonesia (BI) if the government...

Indonesia’s Current Account Deficit Declines to 1.4% of GDP in 1Q

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported the current account deficit (CAD) in the first quarter (1Q) of 2020 declined due to the lower imports in line...

BI Maintains the Interest Rate Steady to Support Rupiah Stability

JAKARTA (TheInsiderStories) - Bank Indonesia maintained the Seven-Day Reverse Repo Rate (BI-7DRR) at 4.50 percent, the Deposit Facility rate at 3.75 percent, and the Lending Facility...

Indonesia’s Forex Reserves US$127.9B in April

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported foreign exchange (forex) reserves at the end of April amounted to US$127.9 billion, rises compared to March at $121.0...

BI: COVID-19 Pressures on the Financial Stability Increases

JAKARTA (TheInsiderStories) - Pressure on the financial stability system (FSS) is expected to increase as the effects of the COVID-19 pandemic, said Bank Indonesia (BI) in...

BI to Buys up to 25% State Bond in Primary Market...

JAKARTA (TheInsiderStories) - Indonesian central bank (BI) can buy government bond up to 25 percent of the total issuances on the primary market not later than...

BI Launches Policy Measures to Maintain Economic Stability

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) launched a policy measures to maintain economic stability amid the spread of COVID-19, said the governor today (04/14). According...

Bank Indonesia Kept its Benchmak Rates in April

JAKARTA (TheInsiderStories) - Bank Indonesia decided to kept its seven days repo (BI-7DRR) rate to guard the economy from the global pressures and COVID-19 impact. The...

Warjiyo Sees Indonesian Inflation 0.13% in April

JAKARTA (TheInsiderStories) - Governor of Bank Indonesia (BI), Perry Warjiyo, sees the inflation in April lowers than previous month caused the deflationary in some commodities. In...

Breaking News: BI and US’s Fed Sign Repo Lines US$60B

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) and United States (US) Federal Reserves has signed foreign and international monetary authorities or repo lines with worth of...

Warjiyo Assesses the Current Rupiah Level is Sufficient

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) governor, Perry Warjiyo rated, the current Rupiah level is sufficient for the country. This morning the local exchange rate...

BI Sees Rupiah Getting Stable, Inflation Benign in March

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) assesses that the Rupiah movement getting stable after plunged for several days and almost touched the lowest level in history. Until...

BI Cuts Interest Rate 25 bps to 4.5% in March

JAKARTA (TheinsiderStories) – Bank Indonesia cut its seven day reverse repo rate (BI-7DRR) by 25 basis points to from last month 4.75 percent, said the...

BI Refines the Reserves Requirement for Foreign Exchange

JAKARTA (TheInsiderStories) - Las Friday, Bank Indonesia (BI) refined the provisions on the reserves requirement for foreign exchange (forex) for conventional bank to curb the...

Bank Indonesia Intervenes Bond Market to Guard Rupiah

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) has poured Rp130 trillion (US$9.29 billion) to stabilized the government bond market since the beginning of this year,...

Indonesia’s Retail Sales Drops 0.3% in January

JAKARTA (TheInsiderStories) - Indonesia' retail sales index (RSI) dropped 0.3 percent in January from previous month at 0.5 percent, said the central bank today (03/10)....

BI, Bank of Korea Signs a Bilateral Currency Swap US$8B

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) and Bank of Korea (BoK) signed a renewal of a bilateral local currency swap arrangement (BCSA). The arrangement allows the...

Indonesia Provides Stimulus to Support Financial Market

JAKARTA (TheInsiderStories) - Financial Service Agency (FSA), Bank Indonesia (BI) and finance ministry will synergize various policies to provide stimulus and maintain public confidence in Indonesia'...

BI Cuts Rate by 25Bps to Avoid Covid-19 Impacts

JAKARTA (TheinsiderStories) - Bank Indonesia cut its seven day reverse repo rate (BI-7DRR) by 25 basis points to 4.75 percent, said the governor today (02/20)....

Indonesia Retail Sales Declines in January, says BI

JAKARTA (TheInsiderStories) – Bank Indonesia (BI) reported the retail sales index (RSI) in January are predicted to decline inline with seasonal patterns at the beginning of...

Indonesia’s CCI Drops Sharply to 121.7 in January

JAKARTA (TheInsiderStroies) - Indonesia’ consumer confidence index (CCI) dropped to 121.7 in January from 126.4 in December 2019, the central bank reported today (02/06). Nevertheless, Bank Indonesia (BI)...

BI Has Spends US$1.8B to Stabilize Rupiah, Bond Price

JAKARTA (TheInsiderStories) - Governor of Bank Indonesia (BI), Perry Warjiyo, said the central bank has bought nearly to Rp25 trillion (US$1.79 billion) of government...

Warjiyo Urges Banks to Cut Loan Rates Immediately

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) Governor Perry Warjiyo urges the nation' leaders to immediately adjust their deposit and loan rates with the central...

Indonesia, Philippines Central Bank Inks Deal on Payment Systems

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) inked a deal with Bangko Sentral ng Pilipinas (BSP) on Monday (02/03) to boost their ties in improving...

BI Intervenes as Coronavirus Spread Weakens Market

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) is intervening in the bonds, currency and non-deliverable forwards markets on Monday (02/03) to protect the rupiah from...

Indonesia Holds Key Interest Rates at 5%

JAKARTA (TheInsiderStories) -  Bank Indonesia (BI) held its benchmark 7-day reverse repo rate (BI7DRRR) at 5 percent during its January meeting on Thursday (01/23)....

Weekly Briefing: Economic Policies to Leaders Meeting Coloring the Week

JAKARTA (TheInsiderStories) - Good Morning! This week Indonesia, Japan, and Malaysia will meet to decide on monetary policy. No policy changes are expected in...

WeChat Pay Get Permit to Operates in Indonesia

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) has officially granted WeChat Pay, a Chinese mobile payment app developed by Tencent, a permit to operate in the country,...