Friday, February 22, 2019

Rupiah depreciation

Rupiah depreciation

Jokowi’s growth dream fades as Indonesia seeks stability instead

Jakarta -- It was a lofty ambition from the start. Indonesia has all but given up on the economic growth target set by President...

Bank Indonesia rate hike appropriate: IMF

Jakarta -- The International Monetary Fund (IMF) has described Bank Indonesia (BI) move to increase its seven day reverse repo rate as "appropriate." IMF...

Indonesia’s New Central Bank Governor Pledges Focus on Rupiah Stability

Jakarta -- Indonesia's newly sworn in central bank governor on Thursday (24/05) promised to use interest rate policy to stabilize the rupiah currency and...

Indonesian stocks storm back as foreigners return to market

Jakarta -- Indonesian stocks are coming back with a vengeance. While most of the world's equity have dropped over the past three days, the...

Bank Indonesia Hikes Key Interest Rate to Boost Fragile Rupiah

Jakarta -- Indonesia's central bank on Thursday (17/05) hiked its benchmark interest rate for the first time since November 2014, as expected, in a...

All-You-Can-Fly Promo May Spark Heated Competition Among Airlines

Jakarta -- When Rizal Juan saw an advertisement for a full year of unlimited domestic flights at a fixed once-off price, he was immediately...

Foreign exchange reserves slid to US$124.9 billion in April

Jakarta -- Indonesia's foreign exchange reserves stood at US$124.9 billion in April, lower than the US$126 billion recorded a month earlier, Bank Indonesia (BI)...

Rupiah depreciation to benefit exporters: Kadin

Jakarta -- The rupiah depreciation against the U.S. dollar would benefit exporters, according to the Indonesian Chamber of Commerce and Industry (Kadin). It should...

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