At its 9 August monetary policy meeting, the Central Bank left its BI rate unchanged at a record low 5.75% for the sixth straight month, in a move that was widely expected by the market. Bank Indonesia upheld its decision by stating that the current policy rate is consistent with inflation forecasts. The Central Bank stressed that slowing global economic growth has begun to affect the country's external sector, resulting in a rising current account deficit as well as a weaker performance of exports. Nevertheless, the Bank reassured that it expects Indonesia's economy to remain solid amid global economic slowdown as well as uncertainty in the global financial market. Accordingly, the Bank confirmed its 2012 GDP growth projection of 6.1%-6.5%. Regarding price developments, policy makers underlined that inflation remains benign and is expected to stay within the Bank's target range of 4.5% plus/minus 1% going forward.
Indonesia Monetary Policy
Central Bank leaves policy rate unchanged
August 9, 2012
Looking for forecasts related to Monetary Policy in Indonesia? Download a sample report now.
Indonesia Economic News
October 20, 2016
At its 19–20 October monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.00% to 4.75%.
October 17, 2016
Indonesia’s trade surplus rose in September to a 14-month high as imports deteriorated.
October 12, 2016
Retail sales in August expanded 14.4% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS).
October 3, 2016
In September, consumer prices increased 0.22% from the previous month, which contrasted the 0.02% fall recorded in August.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) rose from 50.4 in August to 50.9 in September, according to a release provided by Nikkei and IHS Markit.