Bank Indonesia Maintains Benchmark Interest Rate at 5.75% in March
Bank Indonesia (BI) has decided to maintain its benchmark interest rate, the BI 7-Day Reverse Repo Rate (BI7DRR), at 5.75 percent during its Governor...
Indonesia Records 34th Consecutive Trade Balance Surplus, Surpassing Market Consensus
Indonesia has achieved an impressive feat as its trade balance recorded a surplus for the 34th consecutive time. The current surplus is even higher...
Indonesia’s External Debt Remains Under Control in January 2023, Continuing Contraction...
According to a report from Bank Indonesia (BI), Indonesia's external debt (ULN) remained under control in January 2023. The ULN position for Indonesia in...
Indonesia Should Become an Upper Middle-Income Country This Year, How Can...
The Indonesian Ministry of Finance (Kemenkeu) has evaluated that the country should already be classified as an upper middle-income nation with a gross national...
Bank Indonesia Predicts Annual Increase in Retail Sales Performance for February...
Bank Indonesia (BI), the central bank of Indonesia, has released its forecast for retail sales performance for February 2023. According to BI, the annual...
Consumer Confidence Remains Strong in February 2023, Says Bank Indonesia Survey
According to a Consumer Survey conducted by Bank Indonesia in February 2023, consumer confidence in the country's economic conditions remained strong.
The survey showed that...
Bank Indonesia Reports Increase in Foreign Exchange Reserves to $140.3 Billion...
Bank Indonesia (BI) has announced that Indonesia's foreign exchange reserves reached US$140.3 billion at the end of February 2023, an increase from US$139.4 billion...
Bank Indonesia Launches New Instrument to Attract Export Earnings Back Home
Indonesia's central bank, Bank Indonesia (BI), has officially implemented a new monetary operation instrument, the Term Deposit Valas Devisa Hasil Ekspor (TD Valas DHE),...
Smartphone Market Drops as Indonesian Consumers are Unwilling to Buy
The Indonesian smartphone market experienced its first decline in 2022 after 13 consecutive years of growth. One reason for the 14.3% decrease was that...
Don’t Worry, Benchmark Interest Rates Will Not Rise Again
Bank Indonesia (BI) has reiterated that there is no need for interest rates to rise any further. Several factors such as the forecasted inflation...
