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Bank Indonesia surprised economists by raising its benchmark interest rate to a record high of 6.25% in an effort to stabilize the rupiah against the dollar. The rate hike is aimed at guiding the rupiah below 16,000 against the dollar by the end of the year. The central bank also plans to increase its foreign exchange interventions and allow money-market rates to rise to attract more foreign inflows. The rupiah has lost nearly 5% against the dollar this year, and Bank Indonesia expects it to stabilize around 16,200 in the second quarter and strengthen to an average of 16,000 in the third quarter. [Extracted from the article]

Indonesia's central bank, Bank Indonesia, has decided to keep its benchmark interest rate unchanged at 6%. This decision was made due to low inflation and the fragile recovery of the rupiah, which allows policymakers to support the economy. The rate pause comes after Indonesia reported its slowest economic growth in two years in the third quarter. The central bank expects the country's economic growth to remain solid, with gains projected to be stronger in 2024. Bank Indonesia will continue its efforts to stabilize the rupiah and control imported inflation. [Extracted from the article]

Bank Indonesia's first auction of its dollar securities, known as SVBI, was oversubscribed, with the central bank selling $236.5 million, exceeding its $200 million target. This move is aimed at attracting foreign inflows to support the rupiah. The auction comes at a time when the dollar is weakening and the rupiah has rallied nearly 3% this month. Bank Indonesia plans to use both SVBI and its rupiah-denominated securities, SRBI, to stabilize the currency without resorting to interest-rate hikes or market intervention. However, it may take some time to assess the effectiveness of the SVBI issuances. [Extracted from the article]

The financial market uncertainty needs a stronger policy response, Governor Perry Warjiyo said at a briefing on Thursday to announce the rate decision. (Bloomberg) -- Indonesia's central bank resumed raising interest rates, surprising the markets as it moved to help bolster the rupiah amid risks from a conflict in the Middle East. [Extracted from the article]

Bank Indonesia has kept its benchmark interest rate steady at four-year high of 5.75% since February as Warjiyo said that previous rate hikes have been sufficient in bringing inflation return to target, even earlier than expected. (Bloomberg) -- Indonesia's central bank is set to keep interest rates steady to protect the rupiah from the global market selloffs, Governor Perry Warjiyo said. [Extracted from the article]

"So if the Fed is going to impose high rates for a long time, BI must be able to transform into a confident representative of the nation", he said on behalf of the budget panel on Thursday. (Bloomberg) -- Lawmakers urged Bank Indonesia to take "bold but measured steps" to ease borrowing costs in the face of the Federal Reserve's higher-for-longer interest rate path. Bank Indonesia will decide on its benchmark rate on Sept. 21, hours after the Fed's own policy meeting, after keeping the seven-day reverse repurchase rate unchanged at a four-year high of 5.75% since February. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank stood pat for a seventh straight meeting to help the rupiah weather an emerging-market selloff triggered by the prospect of further tightening by the Federal Reserve. Bank Indonesia kept the seven-day reverse repurchase rate at a four-year high of 5.75% on Thursday, as predicted by 28 of 30 economists surveyed by Bloomberg. [Extracted from the article]

(Bloomberg) -- Bank Indonesia kept its key rate at a four-year high to shield the rupiah ahead of a widely expected tightening by the US central bank, while lowering reserve requirement for some lenders to boost credit expansion, signaling that it's keeping a close eye on economic growth. The central bank unveiled fresh incentives aimed at freeing up 47 trillion rupiah ($3 billion) in liquidity to spur bank lending after loan growth eased to a 15-month low in June. [Extracted from the article]

(Bloomberg) -- Bank Indonesia kept its benchmark interest rate unchanged at a four-year high to support the local currency from further pressure amid expectations the US Federal Reserve might resume tightening this week. The central bank's extended pause underscores ongoing concerns about currency weakness as markets brace for another Fed fund rate increase later this week. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank will likely keep its benchmark interest rate at a four-year high to support the rupiah amid expectations the Federal Reserve will resume monetary tightening later this week. Here's what to look out for in Tuesday's meeting: Rupiah Outlook With Fed jitters sending the rupiah past the psychological 15,000-level against the greenback, Bank Indonesia will likely be on alert to ensure the currency volatility doesn't set off imported inflation. According to Kunal Kundu, an economist with Societe Generale GSC Pvt, rate cuts will be on the table only when there are definitive signs that the Fed is done with its hiking cycle. [Extracted from the article]

(Bloomberg) -- Indonesia will mandate exporters to repatriate part of their foreign currency-denominated earnings starting Aug. 1, as part of efforts to increase dollar supply and help ease pressure on the local currency. Bank Indonesia said that bulk of dollar earnings end up being kept in bank accounts abroad where exporters can avail of higher interest rates. [Extracted from the article]

Still Dovish Bank Indonesia will likely want to ensure headline and core inflation are firmly within its 2%-4% target, said PT Bank Permata chief economist Josua Pardede, who expects a rate pause throughout this year. (Bloomberg) -- Indonesia's central bank will likely wait for definitive signs that inflation is on the wane this year before considering a reduction in the benchmark rate, according to analysts. The forecasts are in line with the latest signal from central bank Governor Perry Warjiyo on Monday, when he sounded cautious on being asked whether BI could unwind the 225 basis points in rate increases from August 2022 to January 2023. [Extracted from the article]

(Bloomberg) -- Bank Indonesia kept its benchmark interest rate unchanged for a third straight month on the back of a stronger currency and fading price pressures. Warjiyo said the central bank expects the currency to strengthen further due to foreign inflows, attractive yields and the economy's robust growth. [Extracted from the article]

Indonesia is now a distant first place in Southeast Asia both in the use of e-wallets and QR payments. (Bloomberg) -- From food carts lining Jakarta's raucous streets to wet markets in Indonesia's most remote villages, one type of barcode is becoming ubiquitous. [Extracted from the article]

In the Philippines, lenders and conglomerates are now led by people who were there in 1997 and recall how quickly liquidity dried up when so-called "hot money" fled the country, central bank Governor Felipe Medalla said. Authorities have borrowed lessons from the turmoil in 1997 and even the 2008 global financial crisis that wiped out Southeast Asia's markets and sent their currencies diving, according to Indonesian Finance Minister Sri Mulyani Indrawati, who co-chaired the bloc's meeting. (Bloomberg) -- Hard-earned lessons from the 1997 Asian financial crisis are helping insulate the region from the banking stress being experienced in the US and Europe. [Extracted from the article]

Bank Indonesia kept the seven-day reverse repurchase rate at 5.75% on Thursday, as seen by 26 of 28 economists surveyed by Bloomberg. (Bloomberg) -- Indonesia left its benchmark interest rate unchanged for a second straight month, while pledging to insulate the economy from the effects of turbulence in the global banking system. [Extracted from the article]

The decision is "regardless of ethnicity, religion and race", it said of Hendarta, who becomes the first woman of Chinese descent to be named a BI deputy governor. Hendarta will be the third female policymaker on the board, alongside Senior Deputy Governor Destry Damayanti and Deputy Governor Aida S. Budiman. (Bloomberg) -- Bank Indonesia achieved gender balance in its policy-setting board with the appointment of its new deputy governor. [Extracted from the article]

In her nearly four-decades at the central bank, Hendarta has helmed the Monetary Management and Macroprudential Policy departments. (Bloomberg) -- Bank Indonesia is poised to achieve gender balance in its policy-setting board, with the appointment of its new deputy governor. Hendarta will be the third female policymaker on the board, alongside Senior Deputy Governor Destry Damayanti and Deputy Governor Aida S. Budiman. [Extracted from the article]

"Age doesn't matter", said Warjiyo, who held the deputy governor and executive director posts at the central bank before he took on the top job almost five years ago. Under Warjiyo's watch, the parliament passed a law that expanded the central bank's mandate and cemented its bond-buying authority. (Bloomberg) -- Bank Indonesia Governor Perry Warjiyo touted his credentials as a crisis-hardened central banker while the government prepares to select nominees for his successor over the next couple of months. [Extracted from the article]

The central bank's mandate is to "achieve rupiah stability, maintain payment system stability, and participate in maintaining financial system stability in order to support sustainable economic growth", according to the most recent version reviewed by Bloomberg on Thursday. (Bloomberg) -- Indonesia is one step closer to requiring the central bank to come to the government's aid through crisis bond-buying, while dropping earlier proposals to expand the monetary authority's role. [Extracted from the article]

(Bloomberg) -- Indonesia seeks to require the central bank to come to the government's aid through crisis bond-buying, while dropping earlier proposals to expand the monetary authority's role. Bank Indonesia's mandate is to "achieve rupiah stability, maintain payment system stability, and participate in maintaining financial system stability in order to support sustainable economic growth", according to the most recent version reviewed by Bloomberg on Thursday. [Extracted from the article]

"What we will continue to do is to control the exchange rate", Bank Indonesia Governor Perry Warjiyo said after the policy rate decision on Thursday. Bank Indonesia Wants to "Control" Rupiah in Tougher Stance (Bloomberg) -- Indonesia's central bank hardened its wording around its currency interventions, saying it would look to "control" the rupiah with the dollar expected to stay strong in the coming months. [Extracted from the article]

Bank Indonesia has resorted to an array of tools to underpin the rupiah and get inflation under control, including a bigger-than-expected 50-basis point rate hike on Thursday. (Bloomberg) -- Bank Indonesia will continue with its "Operation Twist"-style bond intervention to hasten the transmission of its monetary policy in a market awash with cash. [Extracted from the article]

The move sets Indonesia apart from most of the region's central banks, which have begun raising borrowing costs to counter surging inflation. (Bloomberg) -- Indonesia's central bank held its policy rate at a record low again, opting to look through price shocks and currency weakness to continue supporting the economy. [Extracted from the article]

New Zealand and South Korea have been pushing their central banks to expand their mandates, while Turkey ousted its monetary policy chief over disagreements on the interest rate. Keywords: ALLTOP; ASIA; BON; BUSINESS; ECOTOP; FRX; GOV; MARKETS; WORLD EN ALLTOP ASIA BON BUSINESS ECOTOP FRX GOV MARKETS WORLD Indonesia's finance minister sought to dispel concerns over the future independence of the country's central bank, saying proposals to increase the monetary authority's role in supporting economic recovery will also ensure its autonomy. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank kept its benchmark interest rate unchanged, looking past faster inflation to support the economy as it charts its recovery to pre-pandemic levels. Bank Indonesia kept the seven-day reverse repurchase rate at 3.5% on Tuesday, as predicted by 20 of 30 economists in a Bloomberg survey. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank adopted a more hawkish tone, signaling it's ready to strike early to temper volatility in the rupiah and bond yields as global markets sell off in anticipation of U.S. rate hikes. Global central banks are tightening as inflation surges, with the Federal Reserve expected to signal a rate-hike cycle at the conclusion of its policy meeting later Wednesday. [Extracted from the article]

Benign inflation is giving the central bank room to breathe, as price gains are on course to meet Bank Indonesia's 2%-4% target this year after hovering below that range for all of 2021. Keywords: %IDR; OCBC@SP; ALLTOP; ASIA; BNK; BON; BUSINESS; CMD; COS; ECOTOP; FIN; FRX; GOV; INDUSTRIES; MARKETS; NRG; STK; WORLD; WWTOP; WWTOPAS EN %IDR OCBC@SP ALLTOP ASIA BNK BON BUSINESS CMD COS ECOTOP FIN FRX GOV INDUSTRIES MARKETS NRG STK WORLD WWTOP WWTOPAS Indonesia's central bank gave the first signs Thursday that it will begin normalizing policy soon, even as it left its benchmark interest rate unchanged. R5ZZHHT0AFB4 (Bloomberg) -- Indonesia's central bank gave the first signs Thursday that it will begin normalizing policy soon, even as it left its benchmark interest rate unchanged. [Extracted from the article]

R600XMT0G1KX (Bloomberg) -- Indonesia's central bank will start normalizing its policy to reduce banks' liquidity this year, starting with raising the reserve ratio for banks. Keywords: %IDR; ALLTOP; ASIA; BNK; BON; BUSINESS; COS; FIN; FRX; GOV; INDUSTRIES; MARKETS; STK; WORLD; WWTOP; WWTOPAS EN %IDR ALLTOP ASIA BNK BON BUSINESS COS FIN FRX GOV INDUSTRIES MARKETS STK WORLD WWTOP WWTOPAS Indonesia's central bank will start normalizing its policy to reduce banks' liquidity this year, starting with raising the reserve ratio for banks. [Extracted from the article]

R5ZZIET0AFB7 (Bloomberg) -- Indonesia's central bank will start normalizing its policy this year, starting with raising the reserve ratio for banks. Keywords: %IDR; ALLTOP; ASIA; BNK; BON; BUSINESS; COS; FIN; FRX; GLOBALMACR; GOV; INDUSTRIES; MARKETS; STK; WORLD; WWTOP; WWTOPAS EN %IDR ALLTOP ASIA BNK BON BUSINESS COS FIN FRX GLOBALMACR GOV INDUSTRIES MARKETS STK WORLD WWTOP WWTOPAS Indonesia's central bank will start normalizing its policy this year, starting with raising the reserve ratio for banks. [Extracted from the article]

Keywords: %IDR; ALLTOP; ASIA; BNK; BON; BUSINESS; CMD; CORONAVIR; COS; ECOTOP; FIN; FRX; GOV; INDUSTRIES; MARKETS; NRG; WORLD; WWTOP; WWTOPAS EN %IDR ALLTOP ASIA BNK BON BUSINESS CMD CORONAVIR COS ECOTOP FIN FRX GOV INDUSTRIES MARKETS NRG WORLD WWTOP WWTOPAS Indonesia's central bank left its benchmark interest rate unchanged Thursday as it braces for a potential omicron wave that could hamper the economic recovery. R5Y2CBDWRGG4 (Bloomberg) -- Indonesia's central bank left its benchmark interest rate unchanged Thursday as it braces for a potential omicron wave that could hamper the economic recovery. [Extracted from the article]

Indonesia's central bank left its benchmark rate unchanged Thursday to maintain currency stability amid continued capital outflows from the country. Keywords: %IDR; ALLTOP; ASIA; BON; BUSINESS; FRX; GOV; MARKETS; WORLD EN %IDR ALLTOP ASIA BON BUSINESS FRX GOV MARKETS WORLD (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank left its benchmark interest rate unchanged and extended policies to boost domestic demand, saying it likely won't tinker with rates for another year. What Bloomberg Economics Says... "Steady rates may be the optimal choice as the central bank will have to continue to navigate between competing concerns -- sub-par domestic demand, rupiah vulnerability and building price pressures. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank left its benchmark interest rate unchanged and extended policies to boost loan growth and consumption, seeking to bolster a recovery driven by commodity exports and border reopening. Bank Indonesia kept the seven-day reverse repurchase rate at a record-low 3.5% on Tuesday, as predicted by all 30 analysts in a Bloomberg survey, staying on pause for an eighth straight meeting. [Extracted from the article]

Bank Indonesia kept the seven-day reverse repurchase rate at a record-low 3.5% on Tuesday, as predicted by all 30 analysts in a Bloomberg survey, staying on pause for an eighth straight meeting. (Bloomberg) -- Indonesia's central bank left its benchmark interest rate unchanged to support an economic recovery gaining momentum thanks to rising commodity-export earnings and a tentative reopening of the tourism industry. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank left its benchmark interest rate unchanged at a record low as the economy begins to emerge from the country's worst coronavirus wave and financial markets brace for tighter policy in the U.S. Bank Indonesia held the seven-day reverse repurchase rate at 3.5% on Tuesday, as expected by all 31 analysts in a Bloomberg survey. Warjiyo told reporters the central bank is prepared for the Fed taper, which he expects to begin in November. [Extracted from the article]

Warjiyo told reporters the central bank is prepared for Fed tapering, which he expects to begin in November. (Bloomberg) -- Indonesia's central bank left its benchmark interest rate unchanged at a record low as the economy begins to show signs of recovery from the country's worst coronavirus wave. The key rate has been at that level since February, and central bank Governor Perry Warjiyo has signaled the bank could remain on hold until at least until year-end. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank left its benchmark interest rate unchanged at a record low as the economy begins to show signs of recovery from the country's worst coronavirus wave yet. The key rate has been at that level since February, and central bank Governor Perry Warjiyo has signaled the bank could remain on hold at least until year-end. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank left its benchmark interest rate unchanged to protect the currency amid high uncertainty about the course of the pandemic and prospects for an economic recovery. Bank Indonesia kept the seven-day reverse repurchase rate at 3.5% on Thursday, as all 28 analysts in a Bloomberg survey expected. [Extracted from the article]

The central bank has held its policy rate steady since February and recently signaled that it may not make any rate moves until at least next year. Keywords: %IDR; ALLTOP; ASIA; ASIATOP; BON; BUSINESS; COS; ECOTOP; GOV; HEA; INDUSTRIES; MARKETS; TOP; WORLD; WWTOP; WWTOPAS EN %IDR ALLTOP ASIA ASIATOP BON BUSINESS COS ECOTOP GOV HEA INDUSTRIES MARKETS TOP WORLD WWTOP WWTOPAS Indonesia's central bank left its benchmark rate unchanged, and lowered its growth outlook for the year, as one of the most severe Covid outbreaks in the world puts the economy's recovery at risk. [Extracted from the article]

Warjiyo noted that lending rates have come down in line with BankIndonesia's rate cuts and liquidity injections, but lending itselfhasn't responded. (Bloomberg) -- Indonesia's central bank left its benchmark interest rateunchanged, andcut its outlook for economic growth, as expanded mobility curbs limitconsumption and foreign outflows pressure the currency. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank left its benchmark interest rateunchanged, and cut its outlook for economic growth, as it seeks tosupport an uneven recovery as foreign outflows pressure the country'scurrency. Warjiyo noted that bank lending rates have come down in line with BankIndonesia's rate cuts and liquidity injections, but lending itselfhasn't responded: Bank loans contracted 4.13% in March from a yearearlier, he said Tuesday. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank left itsbenchmark interest rate unchanged, and cut its outlookfor economic growth, as it seeks to support an unevenrecovery as foreign outflows pressure the country'scurrency. As recovery takes hold in advanced economies, investorshave fled emerging markets like Indonesia, sapping demandfor the country's assets. [Extracted from the article]

A "premature" reversal of monetary support, which includes record-low interest rates and one of the heftiest quantitative-easing programs among emerging markets, will endanger the economy's tentative gains, Bank Indonesia Deputy Governor Dody Budi Waluyo said in a virtual seminar Tuesday. Bank Indonesia Holds Rate, Pledges More Support for Rupiah (2) "We will not take any immediate exit policy in the near-term, as inflation is still low and lending growth and consumption still weak", Waluyo said. Indonesia's central bank maintains it has scope to keep monetary policy accommodative as it sees the hard-hit rupiah returning to strength based on the economy's fundamentals. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank left its benchmark interest rate unchanged and pledged to do more to support a currency that has weakened as U.S. yields rise. Bank Indonesia kept the seven-day reverse repurchase rate at 3.5% on Thursday, as predicted by all 28 economists surveyed by Bloomberg. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank left its benchmark interest rate unchanged and pledged greater efforts to stabilize a currency that's weakening amid global market volatility and rising U.S. yields. "Indonesia's economic growth is still fragile, and threats to the central bank's independence will likely keep the central bank on a dovish path for some more time.". [Extracted from the article]

(Bloomberg) -- Indonesia's central bank cut its benchmark interest rate to a record low and downgraded its growth outlook amid fears that a resurgence in Covid-19 cases is slowing its economic recovery. "Too low" inflation, yet another sign of how weak demand has become in Indonesia's consumption-driven economy, gives the central bank ample room to keep monetary policy loose, Warjiyo said last week. [Extracted from the article]

(Bloomberg) -- Sea Ltd. and Gojek are snapping up Indonesian lenders, betting they can make headway into one of the world's largest unbanked markets. For Indonesia's smaller lenders, partnerships with fintech firms would help them meet requirements to raise their core capital to at least 3 trillion rupiah ($214 million) by 2022, and help them compete in a market that's growing increasingly digital. [Extracted from the article]

(Bloomberg) -- Shares of an Indonesian bank soared to all-time highs this week after President Joko Widodo's youngest son posted about the stock on his Twitter account. Pangarep has made a name for himself online for his comedy, sometimes poking fun at his life as a member of Indonesia's first family and his father Jokowi, as the president is popularly known. [Extracted from the article]

(Bloomberg) -- Indonesia's central bank cut its policy rate for the first time in four months Thursday, aiming to support the economy's recovery and reaffirming its commitment to accommodative policy. Bank Indonesia cut its seven-day reverse repurchase rate by 25 basis points to 3.75%, the lowest since the benchmark was introduced in 2016, as 11 of 26 economists surveyed by Bloomberg predicted. [Extracted from the article]