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Retail Performance in Q2 2024 Projected to Decline, Aprindo Reveals the Cause

Retail Performance in Q2 2024 Projected to Decline, Aprindo Reveals the Cause
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Rupiah Exchange Rate Strengthens in December

Bank Indonesia Governor Perry Warjoyo reported that the Rupiah exchange rate over the US Dollar continues to show an upward trend. ....

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Aviation Industry 'Hit Hard' by Rupiah Depreciation, Expert Says

The aviation industry in Indonesia is affected by the Rupiah depreciation. ....

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Jokowi Downplays Rupiah Depreciation: 'It's Still Safe'

President Jokowi stated that the recent depreciation of rupiah exchange rate against US dollar did not disrupt the domestic real and financial sector. ....

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Indonesia Holds Key Rate Steady, Will Focus on Liquidity

(Bloomberg) Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Indonesia’s central bank left its key interest rate unchanged for a third straight month, pledging to rely primarily on liquidity tools amid signs of a tentative recovery in Southeast Asia’s largest economy.Bank Indonesia held the seven-day reverse repurchase rate at 3.5% on Tuesday, as all 29 economists in a Bloomberg survey predicted. The central bank has cut the policy rate by 150 basis points since the pandemic began last year.“The decision is consistent with the forecast for inflation to remain low, as well as efforts to maintain rupiah exchange rate stability and accelerate economic recovery,” Governor Perry Warjiyo said in a briefing. If changes to the policy mix are needed, the bank will turn to liquidity instruments before tinkering with rates, he added.The rate decision comes as investors fret that fresh waves of infections could threaten r ....

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