Indonesia C.Bank Enters FX Market to Balance Supply and Demand …
WEB1 day ago — FOREX - JAKARTA. Indonesia's central bank entered in the foreign exchange market on Thursday to balance supply and demand, an official said, after the currency fell around 0.8% against the U.S. dollar, its lowest level since Sept. 16. Read Also: Indonesia Concerned Over EU Deforestation Law Rules, Not Implementation Timeframe Edi Susianto, the head of Bank Indonesia's monetary management ...
Indonesia Central Bank Enters FX Market to Balance Supply and …
WEB1 day ago — Indonesia's central bank entered in the foreign exchange market on Thursday to balance supply and demand, an official said, after the currency fell around 0.8% against the U.S. dollar, its lowest level since Sept. 16. Edi Susianto, the head of Bank Indonesia's monetary management department, told Reuters the rupiah IDR= had weakened due to ...
Indonesia Launches Central Counterparty Clearing House
WEB4 days ago — INDONESIA - JAKARTA. Indonesia launched on Monday a central counterparty clearing house (CCP) for foreign exchange and money market transactions as it aims to deepen the capital markets of Southeast Asia's largest economy.
ADB Approves US$ 500 Million Loan for Indonesia's Energy …
WEBSep 20, 2024 — The Asian Development Bank (ADB) said on Friday it has approved a $500 million policy-based loan to Indonesia to fund a program designed to help its energy transition efforts. Resource-rich Indonesia, which is aiming for net-zero carbon emissions by 2060, has been trying to reduce the use of coal with …
Indonesia's Central Bank Delivers Surprise Rate Cut
WEBSep 18, 2024 — BI RATE - JAKARTA. Indonesia's central bank delivered its first rate cut in more than three years on Wednesday, opting to move hours ahead of the widely expected start of the U.S. Federal Reserve's easing cycle in a bid to bolster growth in Southeast Asia's largest economy. Bank Indonesia (BI) unexpectedly trimmed the benchmark rate by 25 basis points to 6.00%, its first rate cut since ...
Indonesia's Trade Surplus Beat Forecast in August
WEBSep 17, 2024 — TRADE BALANCE - JAKARTA. Indonesia booked a bigger-than-expected trade surplus in August as exports and imports beat forecasts, official data showed on Tuesday. The country reported a surplus of US$ 2.89 billion last month, compared with US$ 1.96 billion expected in a Reuters poll.
Indonesia, Britain Sign Collaboration Agreement on Critical Minerals
WEBSep 18, 2024 — Britain on Wednesday signed a memorandum of understanding to collaborate on critical minerals with Indonesia, home to some of the world's largest mineral resources, the UK's embassy in Jakarta said. The agreement will support policy dialogue, sharing of technical knowledge and expertise and …
Indonesia's GDP Growth Rate Holds Just Above 5% yr/yr in Q2
WEBAug 5, 2024 — Indonesia's annual economic growth held just above 5% in the second quarter, roughly in line with the expectations of authorities and the market, data from the statistics bureau showed on Monday. Gross domestic product in the April-June quarter expanded 5.05% from a year earlier, compared with 5.11% in the first quarter.
Indonesia's Inflation Stays Within Central Bank Range in August
WEBSep 2, 2024 — Indonesia's annual inflation rate was 2.12% in August, essentially unchanged from 2.13% in July, official data showed on Monday, holding comfortably within the central bank's target range and matching market expectations. A Reuters poll of analysts had expected a 2.12% rate for August.
Indonesian Leader Spends Final Weeks of His Term in Unfinished …
WEBSep 12, 2024 — Indonesian President Joko Widodo will from Thursday spend the final weeks of his term in the country's planned new capital, Nusantara, amid doubts about the continued pace of development of his flagship $32 billion megaproject. The massive infrastructure undertaking on the island of Borneo has suffered a …