Tag: Rupiah
Below is a list with tagged columns and company profiles.
Today's Headlines Rupiah
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March 2023 Report Released - ‘New Global Banking Crisis: Does It Affect Indonesia?’
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Indonesia Investments Releases Its February 2023 Report: 'Normalizing Economic Growth'
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Bank Indonesia Raises Its Key Interest Rate to 5.75%, Rupiah Rate Rebounds in January 2023
The central bank of Indonesia (Bank Indonesia) raised its benchmark interest rate (BI 7-day reverse repo rate) by 25 basis points (bps) after concluding its two-day policy meeting on 18-19 January 2023. Indonesia’s benchmark rate now stands at 5.75 percent. It also raised its deposit facility and lending facility rates by 25 bps to 5.00 percent and 6.50 percent, respectively.
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Indonesia Investments Releases the December 2022 Report
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Monetary Policy Analysis: Bank Indonesia Raises Its Key Interest Rate to 5.50% in December 2022
As expected, the central bank of Indonesia (henceforth: Bank Indonesia) decided to raise its benchmark interest rate (the 7-Day Reverse Repo Rate) by 25 basis points (bps) to 5.50 percent after concluding its latest (two-day) monetary policy meeting on 21-22 December 2022. Meanwhile, it also decided to raise the deposit facility and lending facility rates by 25 bps to 4.75 percent and 6.25 percent, respectively.
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New Report Out: Indonesia Investments Releases October 2022 Edition
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Monetary Policy: Bank Indonesia Raises Key Interest Rate by 0.50% to Support the Rupiah
Last month we stated that Indonesia’s central bank (Bank Indonesia) might just be at the start of a (prolonged) monetary tightening cycle. After all, higher interest rates is what we see happening across the world; a development that is led by the Federal Reserve (Fed) that has been aggressively raising its benchmark interest rate to fight inflation. This then causes capital outflows from most other parts of the world.
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Bank Indonesia Goes for 0.50% Interest Rate Hike at September 2022 Policy Meeting
As Indonesia’s central bank (Bank Indonesia) was very late in terms of tightening its monetary policy amid the latest global tightening cycle – and the US Federal Reserve continued its hawkish stance with another 0.75 percentage point hike in September 2022 – it has some catching up to do.
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New Report Out: Indonesia Investments Releases July 2022 Edition
On 4 August 2022 Indonesia Investments released the July 2022 edition of its monthly report. In this report we analyze the latest (and most relevant) economic, political and social news from Indonesia.
Latest Columns Rupiah
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Debt Restructuring Trikomsel Oke, S&P Warns of Indonesian Defaults
American financial services company Standard & Poor's warns that defaults by Indonesian companies are a serious threat over the next 18 months given their eroded balance sheets amid the country's current economic slowdown. The warning came after Indonesian mobile phone retailer Trikomsel Oke announced plans to restructure about USD $155 million worth of debt as it may not be capable to meet obligations indefinitely.
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Morgan Stanley & Moody's on Indonesia's Rupiah & Policy Package
Both Morgan Stanley and Moody's Investors Service have cast some negative perceptions on the condition of the Indonesian economy. First, American multinational financial services corporation Morgan Stanley released a report in which it stated that the recent rupiah rally will not last (Morgan Stanley maintains its year-end target of IDR 14,000 per US dollar). Then, global credit ratings agency Moody's criticized Indonesia's recently unveiled third policy package in which the government lowers energy prices for local manufacturers in a bid to support the industry.
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What are the Stimulus Measures in Indonesia's Third Economic Policy Package?
The government of Indonesia unveiled the last installment of a series of three stimulus packages on Wednesday (07/10). The first two installments had been unveiled last month. In general, these stimulus packages aim to boost economic growth of Indonesia (which has slowed to a six-year low) and restore investors' confidence in the Indonesian rupiah and stocks. When markets believed that the Federal Reserve would soon raise its key interest rate, Indonesia was plagued by severe capital outflows pushing the rupiah to a 17-year low.
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Second Installment Economic Policy Package Indonesia
The government of Indonesia unveiled the second installment of its September economic policy package on Tuesday (29/09). The package is introduced in an attempt to boost economic growth in Southeast Asia’s largest economy and defend the ailing rupiah. Indonesia’s GDP growth slowed to a six-year low of 4.67 percent (y/y) in Q2-2015, while the rupiah has depreciated to a 17-year low against the US dollar. Capital outflows from Indonesia are the result of monetary tightening in the USA, low commodity prices and sluggish global economic growth (particularly China’s hard landing).
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Bank Indonesia Press Release: BI Rate Held at 7.50% in September
The central bank of Indonesia announced on Thursday (17/09) that it the country’s key interest rate (BI rate) at 7.50 percent, while maintaining the deposit facility rate at 5.50 percent and the lending facility rate at 8.00 percent. According to Bank Indonesia (BI) this decision is consistent with its efforts to push inflation towards the target corridor of 4±1 percent in both 2015 and 2016. In addition, the decision is also part of Bank Indonesia’s measures to anticipate possibilities of a Fed Fund Rate (FFR) hike.
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Market Update: Why Indonesian Stocks & Rupiah Strengthen on Friday?
After a real roller coaster ride, Indonesia’s benchmark stock index (Jakarta Composite Index) climbed 0.35 percent to 4,446.20 points at the end of the trading week. The majority of key stock indices across the globe tended to strengthen on Friday after a week characterized by severe volatility amid concern about the economic situation in China.
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Indonesia’s Currency still above 14,000 per USD, Why a Weak Rupiah is a Problem
Although Indonesian stocks managed to rebound, the rupiah continued to depreciate against the US dollar today (25/08). However, rupiah weakening was limited as Bank Indonesia was closely monitoring and intervening in markets to support the rupiah. Based on the Bloomberg Dollar Index, the Indonesian rupiah depreciated 0.03 percent to IDR 14,054 per US dollar. As significant further rupiah weakening is assumed to seriously undermine confidence in the rupiah, the central bank’s intervention efforts are well received by investors.
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Press Release Bank Indonesia: BI Rate Held at 7.50% in August 2015
During Bank Indonesia’s Board of Governors it was decided on 18th August 2015 to hold the BI Rate at 7.50 percent, while maintaining the Deposit Facility rate at 5.50 percent and the Lending Facility rate at 8.00 percent. The decision is consonant with efforts to control inflation within the target corridor of 4±1 percent in 2015 and 2016. In the short term, Bank Indonesia (BI) is focused on efforts to stabilize the rupiah amid uncertainty in the global economy, by optimizing monetary operations in the rupiah and the foreign exchange market.
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Weaker Yuan Likely to Weigh on Indonesian Businesses
For most of this year, the financial media has held a generally positive tone. There have been some exceptions in cases like the Eurozone which is still mired in a deeply divided sovereign debt crisis. But for most of the world, 2015 has been a positive period in terms of general growth in their broad trends. So it might be easy for macro investors to assume that most markets are currently establishing themselves in the bullish direction.
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Currency Update: Why Indonesia’s Rupiah Touches a 17-Year Low
The Indonesian rupiah touched a 17-year low as the currency continued to depreciate amid persistent bullish US dollar momentum. The rupiah weakened to IDR 13,539 per US dollar according to the Bloomberg Dollar Index on Friday (31/07). The US Commerce Department announced on Thursday (30/07) that US gross domestic product (GDP) expanded at 2.3 percent (year-on-year) in the second quarter of 2015, giving rise to heightened expectation that the US Federal Reserve will raise its key interest rate soon.
Other Tags
- Indonesia Stock Exchange (759)
- Inflation (699)
- GDP (656)
- Bank Indonesia (613)
- Federal Reserve (551)
- Jakarta Composite Index (505)
- China (451)
- IHSG (412)
- Infrastructure (407)
- BI Rate (404)
Today's Headlines
- Update on 2024 Legislative & Presidential Elections of Indonesia; Latest Developments?
- Economic Update Indonesia; Assessing the Economy by Looking at Macroeconomic Indicators
- Indonesia Investments Released June 2023 Report - Focus on Mining Sector
- Consumer Price Index of Indonesia: June 2023 Brings Yet Another Month of Low Inflation
- Indonesia Investments Released May 2023 Report - US Pressures Come and Go