Decision in line with expectations of low inflation, stable rupiah, need to bolster economic activity, says BI Governor Perry Warjiyo

BENGALURU, July 14 — A bare majority of economists polled by Reuters expect Bank Indonesia (BI) to cut interest rates on Wednesday, while a wider majority expect it will do so by the end of the quarter.

JAKARTA, June 18 — Indonesia's central bank paused its easing cycle today, as expected, while urging commercial banks to reduce lending rates and boost credit growth to support the economy.

JAKARTA, May 19 — Bank Indonesia (BI) will resume its easing cycle on Wednesday with a quarter-point interest rate cut, a Reuters poll of economists found.

JAKARTA, Oct 16 — Indonesia's central bank has maintained the interest rate at six per cent after reducing it by 0.25 percentage points last month, said Governor of Bank Indonesia, Perry Warjiyo today, reported Xinhua.

JAKARTA, Sept 28 — The renewal of the Local Currency Bilateral Swap Agreement (LCBSA) between Malaysia and Indonesia enables the exchange of local currencies between Bank Negara Malaysia (BNM) and Bank Indonesia (BI) with a RM24 billion or IDR82 trillion value for five years.

JAKARTA, Oct 19 — Bank Indonesia (BI) has announced a 25 basis points increase in the benchmark interest rate to six per cent amid increasing global uncertainty, reported Xinhua.

JAKARTA, March 5 — Indonesia's inflation will remain above 5 per cent in the first half of 2023, mainly on high food prices, before falling below 4 per cent in the second half, central bank Governor Perry Warjiyo said on Sunday, warning that the fight to control inflation must continue.

JAKARTA, Jan 19 — Indonesia's central bank, Bank Indonesia, announced an increase of 25 basis points in benchmark interest rate to 5.75 per cent on Thursday in order to control inflation amid global economic fluctuation, reported Xinhua.

JAKARTA, Oct 19 — Indonesia's central bank governor on Wednesday said he saw no need for aggressive monetary tightening, while cutting the 2022 inflation outlook, in comments a day ahead of the conclusion of a monthly monetary policy review.

JAKARTA, July 13 — G20 finance leaders will meet in Bali this week for talks that are due to include issues like global food security and soaring inflation, as host Indonesia tries to ensure frictions over the war in Ukraine do not blow discussions off course.