IDR Berita Forex

Indonesia GDP Expands 5% In 2024

Indonesia GDP Expands 5% In 2024

Indonesia's economy expanded almost at a steady pace in 2024 but far behind President Prabowo Subianto's ambitious goal of 8 percent, official data revealed Wednesday. In 2024, Southeast Asia's largest economy advanced 5.03 percent, slightly slower than the 5.05 percent growth in 2023, Statistics Indonesia reported.
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Indonesia Manufacturing PMI Climbs To 49.6 - S&P Global

Indonesia Manufacturing PMI Climbs To 49.6 - S&P Global

The manufacturing sector in Indonesia continued to contract in November, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 49.6.
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Indonesia GDP Growth Slows Marginally

Indonesia GDP Growth Slows Marginally

Indonesia's economic growth softened in the third quarter on slowing household consumption, official data revealed on Tuesday. Gross domestic product posted an annual growth of 4.95 percent in the third quarter, slightly weaker than the 5.05 percent expansion seen in the preceding period, Statistics Indonesia said. GDP was forecast to grow 5.0 percent.
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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.
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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.
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