Bank Indonesia Strengthens Rupiah
5 articles from 1 country
Bank Indonesia and China's People's Bank of China are strengthening their bilateral cooperation, a move praised by Indonesian officials aiming to bolster the rupiah and bilateral trade. Meanwhile, Indonesia's foreign debt has seen a slight increase, reaching nearly $440 billion in April.
Bank Indonesia Leadership Nominees Emphasize Commitment to Independence
- President Prabowo Subianto nominated Destry Damayanti and Aida S. Budiman for Governor and Senior Deputy Governor of Bank Indonesia, respectively. - The nominations are seen as technocratic choices, emphasizing the candidates' extensive experience in finance and monetary policy. - This move aims to maintain market confidence and ensure the central bank's independence amid global economic uncerta…
Bank Indonesia Holds Benchmark Rate at 5.75% to Ensure Stability
- Bank Indonesia maintained its benchmark BI Rate at 5.75 percent, keeping deposit and lending facility rates unchanged. - The decision aims to stabilize the rupiah amid global volatility and anchor i…
Bank Indonesia Holds Rate at 5.75%, Unveils Four August Policies
- Bank Indonesia maintained its benchmark interest rate at 5.75% in August 2026. - The central bank introduced four new policies to stabilize the rupiah and boost economic growth. - These policies inc…
Indonesia's East Java seeks creative financing to boost economic growth
- Creative financing schemes can help regional governments maintain economic growth amid rising investment needs, according to Bank Indonesia East Java. - East Java's economy grew 5.65 percent year-on…
Bank Indonesia launches domestic credit card to boost payment system independence
- Bank Indonesia has launched the Indonesian Credit Card (KKI), processed domestically via the National Payment System Infrastructure. - KKI aims to be a fast, easy, cheap, secure, and reliable domest…