BankofIndonesia

Indonesia Stands Firm on Key Interest Rate to Support Struggling Rupiah

5 days ago

In a critical move to stabilize its currency, the Bank of Indonesia has decided to maintain its key interest rate at 5.75%. This decision comes amidst growing concerns related to the declining value of the Indonesian rupiah, which has faced significant pressure due to external economic factors and internal inflationary challenges. The central bank's decision reflects a commitment to bolstering the currency and ensuring economic stability within the country.

Indonesia Faces Economic Slowdown Amid Manufacturing Decline

2 months ago

Recent reports indicate that Indonesia's economic growth may experience its most significant slowdown in a year due to a downturn in the manufacturing sector. The nation's central bank has projected that the country's growth rate will decline to around 5.1% for the fourth quarter of 2024, a notable drop from earlier predictions. This grim forecast comes as manufacturing activity, a critical component of Indonesia's economy, shows signs of struggling to maintain momentum in the wake of global economic uncertainties.