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Indonesia Cuts Key Interest Rates Unexpectedly

Indonesia Cuts Key Interest Rates Unexpectedly

Indonesia's central bank lowered its key interest rates unexpectedly on Wednesday to spur economic growth as inflation remains well within the target range amid strengthening rupiah exchange rate. The Board of Governors of Bank Indonesia, headed by Perry Warjiyo decided to cut the seven-day reverse repo rate by 25 basis points to 6.00 percent.
RTTNews | 30日前
Bank Indonesia Keeps Rates On Hold For Fourth Session

Bank Indonesia Keeps Rates On Hold For Fourth Session

Bank Indonesia retained its interest rate for the fourth straight session on Wedneday as inflation is estimated to remain within the target range. The Board of Governors headed by Perry Warjiyo decided to maintain the seven-day reverse repo rate to 6.25 percent. The current rate is the highest since 2016, when the bank made the seven-day reverse repo as its main policy rate.
RTTNews | 58日前
Indonesia GDP Expands 5.05% In Q2

Indonesia GDP Expands 5.05% In Q2

Indonesia's economy grew slightly above 5.0 percent in the second quarter as the deceleration in government spending growth was offset by household consumption and investment. Gross domestic product grew 5.05 percent on a yearly basis compared to 5.11 percent in the prior quarter, data released by Statistics Indonesia showed Monday. Economists had forecast the economy to grow 5.0 percent.
RTTNews | 74日前
Indonesia Keeps Key Interest Rate Unchanged

Indonesia Keeps Key Interest Rate Unchanged

Indonesia's central bank kept its benchmark interest rate unchanged, as widely expected, on Wednesday. The Board of Governors of Bank Indonesia, governed by Perry Warjiyo, decided to maintain the seven-day reverse repo rate to 6.25 percent.
RTTNews | 93日前
Indonesia GDP Growth Exceeds Expectations

Indonesia GDP Growth Exceeds Expectations

Indonesia's economy grew more than expected in the first quarter on robust government spending, official data revealed on Monday. Gross domestic product posted an annual growth of 5.11 percent in the first quarter after rising 5.04 percent in the fourth quarter of 2023. GDP was expected to grow 5.0 percent.
RTTNews | 165日前
Indonesia Central Bank Unexpectedly Hikes Rate

Indonesia Central Bank Unexpectedly Hikes Rate

Indonesia's central bank surprised markets on Wednesday with an unexpected quarter-point rate hike to strengthen the rupiah. The Board of Governors of Bank Indonesia, governed by Perry Warjiyo, decided to lift the seven-day reverse repo rate to 6.25 percent from 6.00 percent. The current rate is the highest since 2016, when the bank made the seven-day reverse repo as its main policy rate.
RTTNews | 177日前