Bank Indonesia (BI) on September 18 unexpectedly cut its benchmark interest rate for the first time in over three years, as the rupiah strengthened and ahead of the anticipated US interest rate cuts.
Bank Indonesia (BI) has reported that the volume of transactions using Quick Response Indonesian Standard (QRIS) codes has exceeded its year-long target.
The Monetary Authority of Singapore (MAS) and Bank Indonesia (BI) have freshly debuted a cross-border quick response (QR) payment linkage between the two nations.
Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have announced a further extension of their bilateral financial agreement by one year to November 2, 2024.
Bank Indonesia (BI) and the Bank of the Lao PDR (BOL) have signed a Memorandum of Understanding (MoU) to strengthen relationship between the two central banks.
The Bank Indonesia (BI) announced at its meeting on April 18 it will keep its benchmark interest rates unchanged for a third straight time, predicting headline inflation would be back within its target sooner.
A delegation of the State Bank of Vietnam (SBV), led by its Deputy Governor Pham Tien Dung, attended the ASEAN Central Bank Governors’ Meeting, the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting, and related events in Bali, Indonesia, from March 28 - 31.
Bank Indonesia (BI) is collaborating with the Bank of England (BOE) in holding the ASEAN Central Banks Workshop on Enhancing Real-Time Gross Settlement (RTGS), Integrating Cross-Border Payment Systems, and Exploring Central-Bank Digital Currencies from March 8-10 in Jakarta.
Bank Indonesia (BI) and the Bank of Korea (BoK) on March 6 agreed to renew a bilateral local currency swap agreement for up to 115 trillion rupiah or 10.7 trillion won (7.52 billion USD).
Indonesia’s inflation rose slightly in December and remained above the central bank’s target range for the 7th successive month, as household spending increased during the year-end holidays.
Bank Indonesia (BI) on November 17 raised its key interest rate by 50 basis points for a third consecutive month, saying it will enhance its response to "high" inflation expectations amid a strong economic backdrop.
Bank Indonesia (BI) together with the Bank of Thailand (BoT) on August 29 inaugurated the implementation of a cross-border QR Code-based payment linkage between the two countries.
Bank Indonesia (BI) projects national economic growth in the third quarter of this year to reach 5.5% year-on-year, higher than that of the second quarter along with continuing improvement in the domestic economy.
Indonesia’s Ministry of Finance and Bank Indonesia (BI) have launched seven new banknotes to mark the country’s 77th independence anniversary (August 17).
