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Bank Indonesia: Retail Sales Contraction 16.9% in April

JAKARTA (TheInsiderStories) - Bank Indonesia reported the Retail Sales Survey dropped to a deeper contraction in April by 16.9 percent compared to last year. In...

BI Intervenes Money Market to Maintain Rupiah Volatility

JAKARTA (TheInsiderStories) - Bank Indonesia has intervened money market to prevent the weakening of Rupiah, said the official. On Friday (06/12), the local currency closed...

Indonesia’s Retail Sales Drops Sharply to -4.5% in March

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported retail sales index dropped sharply by -4.5 percent in March from previous month contracted 0.8 percent. The drop was the deepest...

BI has implements QE Policies US$25B In Four Months

JAKARTA (TheInsiderStories) - Indonesian central bank (BI) has  implemented quantitative easing (QE) with values Rp386 trillion (US $24.90 billion) during January to April 2020, said...

Bank Indonesia Purchases Sovereign Debt in Primary Market US$300M

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) made its first direct purchases of sovereign debt in primary market in this week as foreign investors fled,...

Weekly Briefing: OPEC+ Cuts Production, More Economic Data Out

JAKARTA (TheInsiderStories) - Good Morning! Oil cartel and allies led by Russia agreed to cut the output around 10 percent of global supply to support oil...

Indonesian Rupiah Stronger After Investors “Cheers” Measures by the Policymaker

JAKARTA (TheInsiderStories) - Indonesian Rupiah closed higher to against American Dollar to 15,800 at the end of this week, up 2.17 compared to prior day parked...

Indonesian President Orders the Regulators Guard the Financial Market

JAKARTA (TheInsiderStories) - President Joko Widodo ordered Bank Indonesia (BI), Financial Service Agency (FSA), and Indonesia Deposit Insurace (IDX) creates a policy coordination to strengthened the...

BI Injects US$3.2B in Local Bank Through Various Policies

JAKARTA (TheInsiderStories) - After President Joko Widodo announced two peoples were positively infected by the coronavirus, Bank Indonesia (BI) injects liquidity of US$3.2 billion to local...

Indonesia’s Monthly Inflation Stood at 0.28% in February

JAKARTA (TheInsiderStories) - Statistics Indonesia reported February' inflation stood at 0.28 percent on month to month (MoM) and for the calendar year was 0.66 percent...

Morning Briefing: BI, ECB Monetary Policy Out Today

JAKARTA (TheInsiderStories) - Good Morning! Indonesian central bank announces its latest monetary policy today, after hold its key rates in the last meeting. At the...

BI Relaxes Intermediation, LTV to Strengthening Banking Intermediary Function

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) decided to relaxes the macro-prudential intermediation and loan to value (LTV) ratios to strengthening banking intermediary function. The new policy...

Indonesia’s Financial Market Remains Stable

JAKARTA (TheInsiderStories) - Indonesian financial stability in the third quarter of 2019 remained under control, said the The Financial System Stability Committee (FSSC) on...

Indonesian Budget Deficit Widen to 2.2% in This Year

JAKARTA (TheInsiderStories) - Indonesia' finance minister Sri Mulyani Indrawati, stated that 2019 State budget deficit will be widen to 2.2 percent of gross domestic...

Weekly Briefing: Widodo – Amin Inaugurated, New Cabinet Announces

JAKARTA (TheInsiderStories) - Good Morning! After inaugurated yesterday, today President Joko Widodo and Vice President Ma'ruf Amin will introduce their new cabinet. Based on head...

Foreign Capital Inflows US$13.76B Enter Indonesia

JAKARTA (TheInsiderStories) - Foreign capital inflows reached Rp195.5 trillion or US$13.86 billion up to Oct. 10, said Bank Indonesia (BI) governor on Friday (10/11)....

Indonesia’s Business Activity Slowed to 13.39 Percent in 3Q

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported business activity index in the third quarter (3Q) of 2019 slowed compared to the previous quarter, said...

Morning Briefing: After the Fed Cut Rates, Market Wait BI’s Move

JAKARTA (TheInsiderStories) - Good Morning! Bank Indonesia (BI) to announce its monetary stance today after two-days meeting. Last month, the central bank cut BI-7DRR rate 25...

Indonesia Sets Regulation to Raises Capital Market Performance

JAKARTA (TheInsiderStories) - Indonesia has set up Government Regulation Number 42 Year 2019 concerning Procedures for Examination in the Capital Market Sector. The new regulation is...

Indonesia’s Balance of Payment Surplus of US$2.4B in 1Q 2019

JAKARTA (TheInsiderStories) – Indonesia' balance of payments (BoP) recorded a surplus of US$2.4 billion in in the first quarter (1Q) of 2019, the central bank reported...

ING: Rupiah Under Pressure Again, BI-7 DRR Seen to Remain on...

JAKARTA (TheInsiderStories) - The recent round of tariff slinging between the United States (US) and China has sparked emerging market (EM) foreign exchange weakness again,...

BI: After Election, More Foreign Funds Flow to Indonesia

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) believes that the flow of foreign funds to Indonesia' financial markets will be more profound after the presidential...

BI: Investor Confidences Support Rupiah Movement

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported that the movement of the Rupiah is currently more stable, supported by four main factors, said the governor...

S&P’s Rating Affirmation Reflects Indonesian Economy Strong

JAKARTA (TheInsiderStories) - International rating agency Standard and Poor’s (S&P) has affirmed Indonesia’s Sovereign Credit Rating at investment grade level, as announced on May 31. In...

Forex Reserves Rises to US$130B in December

JAKARTA (TheInsiderStories) - Indonesia's foreign exchange reserves, managed by the central bank Bank Indonesia (BI), rises to US$ 130 billion at end of December,...

BI Stance for Next Year: Maintain Growth Momentum

JAKARTA (TheInsiderStories) – The Indonesian central bank (BI), revealed its future policy directions for 2018, vowing to maintain sustainability and strengthen the momentum of...

Indonesia Government Lauds Fitch ‘Sovereign Rating’ Upgrade

JAKARTA (TheInsiderStories) - The Indonesian Economic Minister has lauded the decision of the International rating agency, Fitch Ratings, to have upgraded Indonesia’s Sovereign Rating,...

Red Light from Bank Indonesia about Go-Jek Fin-tech Expansion

JAKARTA (TheInsiderStories) - Go-Jek, Indonesia’s biggest ride-hailing firm, has been ordered to wait for permits issued by Bank Indonesia before it can go through...

ECB, BI Keep Benchmark Rates, Signals Hold in Coming Months

JAKARTA (TheInsiderStories) - European Central Bank (ECB) and Bank Indonesia (BI) holds its benchmark rates at the current level to provide more stimulus for the company,...

Alarmed by Bitcoin, BI Bans Virtual Currencies in Fintech Payment System

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) has slapped a ban on virtual currency Bitcoin, a payment protocol popular globally, derived from financial technology (fintech)...