Kolom Keuangan ini menawarkan analisis mengenai beberapa topik yang terkait dengan pasar keuangan Indonesia. Secara keseluruhan, kolom-kolom ini - yang mempunyai isi yang berbobot - akan melukis gambaran yang jelas dan terperinci mengenai struktur dan kinerja pasar keuangan Indonesia.
It is widely known that Indonesia’s digital economy has been expanding rapidly over the past 10-15 years (and the COVID-19 crisis, in fact, accelerated this development in a significant manner). In this article, we take a look at the rise of digital payments across Indonesia.
At the latest monthly monetary policy meeting (held on 21-22 June 2023) the central bank of Indonesia (Bank Indonesia) decided to keep its benchmark interest rate (the Seven-Day Reverse Repo Rate) at 5.75 percent. The lender of last resort also kept its deposit facility and lending facility rates at 5.0 percent and 6.5 percent, respectively.
In our previous report we expected to witness a calmer international context as the US Federal Reserve was assumed (by markets and most analysts) to have ended its monetary tightening phase.
Last month, we saw that the Indonesian rupiah started appreciating when the world was focused on the US Federal Reserve’s response to the collapse of three American banks (followed by trouble at Credit Suisse).
