Bank Indonesia’s Interest Rate Rises To 6.25 Percent, BI Optimistic Rupiah Will Strengthen For Rest Of The Year
SEAToday.com, Jakarta-To respond to the potentially longer than expected current fed rate and global uncertainties, Bank Indonesia increased its rate to 5.25 percent. To keep the rupiah strong and maintain inflation, Bank Indonesia also increase the deposit facility to 5.5 percent and the lending facility to 7 percent.
The US dollar index reached a high of 106.3 on April 16, marking a 4.8 percent strengthening since the end of 2023. This led to other currencies weakening including the Indonesian rupiah which breached below 16,000 to the lowest level in four years.
“We optimist that the rupiah will be stable at 16,200 during Q2, strengthen averagely at 16,000 in Q3, and then strengthen averagely at 15,800 in Q4 in 2024, through the actions prepared by Bank Indonesia,” said Perry Warjiyo, Bank Indonesia Governor.
Additionally, Bank Indonesia will strengthen its policy and optimize its monetary components, including intervention in the foreign exchange market buying government bonds from secondary markets, and managing liquidity adequately to stabilize the rupiah exchange rate in the future.
Recommended Article
State Owned Enterprise
SOEs Ministry Tries Out Four Days in Workweek System
The State-Owned Enterprises (SOEs) Ministry is testing the implementation of a four-day workweek. This was shared on Instagram @lifeatkbumn on Saturday (6/8).
SOE Minister Erick Thohir Assures No Layoffs in Angkasa Pura Merg...
SOE Minister Erick Thohir confirmed that there would be no layoffs in the merger process of PT Angkasa Pura I and Angkasa Pura II.
ESG
5 Simple Steps for Sustainable Lifestyle
Five practical ways to embark on a sustainable lifestyle.
Practical Tips for Household Waste
Sorting household waste is an essential step towards reducing waste generation and promoting environmental sustainability.
Understanding Non-Organic Waste
Non-organic waste refers to discarded materials that are difficult to decompose.
Cash for Trash: Turning Used Plastic Bottles into Rewards
Reverse Vending Machine (RVM) merupakan mesin untuk melayani penukaran botol plastik di fasilitas umum dengan menggunakan sistem poin lewat aplikasi Plasticpay.
Popular Post
Top 10 SOEs on 2024 Fortune Southeast Asia 500, Telkom Indonesia...
A total of 20 state-owned enterprises (SOEs) are listed in the Fortune Southeast Asia 500 2024. Indonesia’s largest telecommunications company Telkom Indonesia (@telkomindonesia) was also included in the top 10 list
Trade Ministry Ready to Support Freeport’s Second Smelter in Gres...
The Trade Ministry is ready to support PT Freeport Indonesia (PTFI) ahead of the operation of its second smelter in Gresik, East Java.
Minister Airlangga: VAT to Increase to 12 Pct. Starting 2025
Minister Airlangga said VAT to Increase to 12 Pct. Starting 2025
