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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,...

Indonesia’s FSA Sets Banking Loans to Grow 11% This Year

JAKARTA (TheInsiderStories) - Indonesian Financial Service Authority (FSA) has set the country's banking loans to grow around 11 percent this year with a non-performing...

Indonesian Retail Growth Lowers to 1.3% in November

JAKARTA (TheInsiderStories) - Indonesian retail sales recorded at 216.6 or increased 1.3 percent year-on-year in November 2019, Bank Indonesia has reported today (01/10). On...

Indonesia’s Forex Reserves Rises to US$192.2B in December

JAKARTA (TheInsiderStories) - Indonesia's foreign exchange (forex) reserves at the end of December 2019 were recorded at US$129.2 billion, up from $126.6 billion in...

Indonesia’s Consumer Confidence Index Rises to 126.4 in December

JAKARTA (TheInsiderStories) – Indonesia's consumer confidence index increased to 126.4 in December 2019 from 124.2 in the previous month, Bank Indonesia (BI) wrote in...

Fitch Solutions Sees Bank Indonesia to Cut Rate in 2020

JAKARTA (TheInsiderStories) - International research firm, Fitch Solutions, forecast Bank Indonesia (BI) will cut its benchmark 7-day reverse repo rate (BI 7DRRR) by 50...

Indonesian Authorities Integrates Nine Bank Reports

JAKARTA (TheInsiderStories) - Bank Indonesia (BI), Financial Service Authority and Indonesia Deposits Insurance Corporation (IDIC) integrated reports of the banking sector into one mechanism...

Bank Indonesia Keeps Interest Rates Unchanged

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) left its benchmark 7-day reverse repo rate (BI 7DRRR) at 5 percent during its December meeting on Thursday...

Indonesia Imposes Sanctions for Un-report Forex Use

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) improves policy regarding foreign exchange (forex) flow. In the new policy, bank and customers who do not report...

Indonesia’s Retail Sales Touches the Highest Level in October

JAKARTA (TheInsiderStories) - Bank Indonesia reported the Retail Sales Index (RSI) accelerated to 3.6 percent in October compared to year ago. The growth is the...

Bank Indonesia Intends to Lower Interest Rates in 2020

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) gives a signal to lower its 7-Days Reverse Repo (BI-7DRR) in 2020 to support Southeast Asia's biggest economic growth,...

Indonesia’s Forex Reserves Slightly Lowers to US$126.6B in November

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted foreign exchange reserves of the country slightly lowered to US$126.6 million from a month ago $126.7 million,...

Indonesia, Japan Agrees Using Local Currency for Bilateral Transactions

JAKARTA (TheInsiderStories) - Indonesia and Japan on Thursday (12/05) agreed to establish a cooperation framework using local currencies for bilateral trade and direct investment...

Indonesia’s Consumer Confidence Index Rises to 124.2 in November

JAKARTA (TheInsiderStories) - Indonesia's consumer optimism was getting stronger in November, indicated by the consumer confidence index (CCI) which increased to 124.2 from 118.4...

Indonesian Importers Must Report Forex Purchases Starting 2020

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) requires all importers to report the use of foreign exchange (forex) for overseas purchase starting Jan. 1, 2020, said the central bank...

Indonesia Posts 0.14% Inflation in November

JAKARTA (TheInsiderStories) – Indonesia's monthly inflation reading for November came in at 0.14 percent, went up from 0.02 percent in the prior month, Statistics...

Indonesia’s BCA to Distribute Interim Dividends at US$0.007 a Share

JAKARTA (TheInsiderStories) - Indonesia's largest private lender PT Bank Central Asia Tbk (IDX: BBCA) will distribute interim dividends for the fiscal year 2019, the...

Bank Indonesia Optimistic for 5.5% Growth in 2020

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) is optimistic the prospects for Southeast Asia's largest economy in 2020 will be maintained with continued growth momentum....

Morning Briefing: Bank Indonesia Announces 2020’s Guidances

JAKARTA (TheInsiderStories) - Good Morning! Today, Bank Indonesia (BI) will deliver the central bank' guidance for 2020. At the yearly meeting, President Joko Widodo its...

Bank Indonesia Holds BI-7DRR at 5%, Relaxed Reserve Requirement

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) kept the BI seven days reverse repo rate (BI-7DRR) at 5 percent, deposit facility rate 4.25 percent and lending...

Morning Briefing: BI Announces BI-7DRR, The Fed Lowered FFR

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) will announces the position of BI-7 Days Reverse Repo in this month and the third quarter assessment. Last month, the...

Indonesia’s FSA Revises 2019’s Loan Growth to 8%

JAKARTA (TheInsiderStories) - Indonesian Financial Services Authority (FSA) revised the loan growth in the range 8-10 percent this year, the official told media Today...

Indonesia Regulates Debt Securities Auction

JAKARTA (TheInsiderStories) - Indonesia unveiled new rules for government debt securities auction on the domestic market through finance minister regulation PMK number 168/PMK.08/2019. The...

Indonesia’s Forex Reserves Rises to US$126.7B in October 2019

JAKARTA (TheInsiderStories) - Indonesia' foreign exchange (forex) reserves amounted to US$126.7 billion at the end of October 2019, said the central bank on Thursday...

Indonesia’s Retail Sales Rise 0.7 Percent in September

JAKARTA (TheInsiderStories) - Bank Indonesia reported retail sales in Indonesia increased 0.7 percent year-on-year in September 2019, down from a 1.1 percent rise the...

Bank Indonesia, MAS Officially Extends Bilateral Swap Agreement

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) officially extend bilateral swap agreement worth of US$10 billion for one...

Indonesia’s Consumer Confidence Index Falls to 118.4 in October

JAKARTA (TheInsiderStories) - The latest survey conducted by Bank Indonesia showed the Consumer Confidence Index declined to 118.4 in October from 121.8 in the...

Indonesian Manufacturing Activity Deteriorates for Four Years

JAKARTA (TheInsiderStories) - Indonesia’s Purchasing Managers Index (PMI) fell to 47.7 in October, down from 49.1 in September, to indicate the sharpest deterioration of...