Tag: bank indonesia
Domestic Credit Card System to Meet International Security Standards
Bank Indonesia (BI) has confirmed that the security and domestic credit card services that will be launched in April 2023 will not be inferior...
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’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...
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 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),...
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...
The Banking Credit in January 2023 Grows but Slows Down
Bank Indonesia, the central bank of Indonesia, has reported that banking credit grew by 10.2% year-on-year to reach Rp6,284.6 trillion in January 2023. Compared...
Capital Outflow Reaches IDR 4.62 Trillion This Week, What Signs?
The flow of foreign capital out of the Indonesian financial market, or capital outflow, reached IDR 4.62 trillion this week. Bank Indonesia (BI) said...
The Economy Improves, Household Credit Gradually Increases
Indonesia's economy is showing a good recovery like before the Covid-19 pandemic. The improving economy has also boosted the credit financing sector. The Banking...
