JAKARTA (Reuters) - Indonesia's central bank governor said on Monday there could be room for an interest rate cut in the fourth quarter as the rupiah is expected to be more stable, but will focus its efforts to maintain currency stability for now. The rupiah hit a f...
FILE PHOTO: Bank Indonesia Governor Perry Warjiyo gestures during a press conference at the Bank Indonesia headquarters in Jakarta, Indonesia, December 20, 2018. REUTERS/Willy Kurniawan/File Photo By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia's central bank delivered i...
It is the first rate hike since October last year when the central bank raised the rate by 25 basis points to 6 percent. The decision was made after a two-day policy meeting of the bank's board of governors held on Tuesday and Wednesday. BI Governor Perry Warjiyo said at a press conf...
Nor Shamsiah Yunus, the Governor of BNM, said, “The initiative underscores the importance of central bank collaboration in supporting the development of next-generation payment connectivity. Realising the vision of an ASEAN regional network of fast and efficient cross-border payment systems will ...
“We have published a consultative paper and met with big players whom we consider capable, and inshallah, we will issue a proof of concept around July,” Bank Indonesia Governor Perry Warjiyo said. “We will also push for the downstream project of the government and several other policies....
INDONESIA'S central bank unexpectedly cut its benchmark interest rate for the first time in more than two years to spur growth as the global recovery weakens and inflation slows. Bank Indonesia lowered the reference rate by a quarter of a percentage point to 6.5 percent, Governor Darmin...
President Joko Widodo told his ministers to monitor the soaring domestic prices and to convey the policy changes more clearly to the public, including any plans related to raising prices of other commodities. Deputy Governor of Bank Indonesia Dody Budi Waluyo was confident that until the end of ...
Governor of Bank Indonesia Perry Warjiyo hinted the next rate cut and decided to edge off the reserve requirement for banks, a move aimed at helping to accelerate economic growth. The rate-setting board meeting on Thursday kept a seven-day reserve repo rate at 6 percent for the seventh strai...
Governor Perry Warjiyo said Tuesday that Indonesia’s central bank is planning to launch a digital rupiah currency as a legal payment instrument in Indonesia, Reuters reports. The official noted that the rupiah is the only legally accepted currency for payment in the country so far, and BI will...