IndonesiaEconomy

Bank Indonesia Maintains Key Interest Rate Amid Rupiah Pressure

2 months ago

In a move signaling its ongoing commitment to stabilize the national economy, Bank Indonesia has decided to hold the benchmark interest rate steady at 5.75%. This decision was publicly announced on October 16, 2024, in the wake of increasing pressures on the Indonesian rupiah, which has been experiencing notable fluctuations in recent weeks.

Bank Indonesia Stands Prepared to Intervene Following Major Decline in Rupiah

3 months ago

In a bold assurance to the financial markets, Bank Indonesia has declared its readiness to intervene decisively to defend the Indonesian rupiah after its significant depreciation. The central bank’s announcement came amid persistent concerns about foreign capital exiting the country, exacerbated by recent global economic conditions. This declaration aims to prevent further instability and bolster market confidence, crucial for maintaining the nation’s economic health.