Micro, Small & Medium Enterprises in Indonesia: Backbone of the Indonesian Economy
The micro, small, and medium enterprises (MSMEs) of Indonesia are an interesting phenomenon. Why? Well, let’s take a look at three remarkable statistics:
Financial Columns
Our Financial Columns offer analyses of subjects related to the Indonesian financial markets. Together, these columns - that also have high news value in the current state of the Indonesian economy - intend to provide a clear and detailed picture regarding the structure and performance of these markets.
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Fiscal Governance; Taking a Closer Look at Excise Duties in Indonesia
Excise duties are relevant sources of revenue for the government. By making specific products more expensive an excise duty aims to discourage or limit the consumption of products that are considered harmful to the health of consumers or disruptive to the environment. Examples of often targeted products are tobacco, alcohol and fuels.
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Bank Indonesia Staying Behind the Curve; Leaves Interest Rates Unchanged at Policy Meeting
We were surprised to learn that Indonesia’s central bank (Bank Indonesia) decided to leave its interest rates unchanged at the two-day monetary policy meeting on 23-24 May 2022. The benchmark BI 7-Day Reverse Repo Rate was kept at 3.50 percent, while the deposit facility and lending facility rates were maintained at 2.75 percent and 4.25 percent, respectively. We had expected Bank Indonesia to raise its key rate by 0.25 percent to 3.75 percent at this occasion.
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Importance of Food Price Stability during the Ramadan & Idul Fitri Celebrations
With the Ramadan month just having started, it is important to take a look at food prices in Indonesia. The Ramadan-Idul Fitri period is typically a period when prices rise amid a significant increase in demand.