Indonesia Interest Rate Decision
The Central Bank of the Republic of Indonesia is in charge of making interest rate decisions in Indonesia. Policymakers started in April 2016 that the official discount rate would be replaced with a new 7-day reverse repurchase rate commencing in August 2016. On an end-of-period basis, this is the rate at which central banks lend or discount qualifying paper for deposit money banks.
A higher than expected figure should be seen as positive (bullish) for the IDR while a lower than expected figure should be seen as negative (bearish) for the IDR.
News (IDR)
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 | 1 day ago
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 | 13 days ago
Indonesia Manufacturing PMI Ebbs In February - S&P Global
The manufacturing sector in Indonesia continued to expand in February, albeit at a slower pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 52.7.
RTTNews | 67 days ago
