Latest news and articles about Bank Indonesia from NEX English
Indonesia's central bank has announced an enhancement to its interest rate control mechanism through a new system based on the difference between the BI-Rate and bank interest rates. This follows a 50 basis point increase in the benchmark interest rate aimed at maintaining stable banking interest rates and ensuring sustainable credit growth.
Bank Indonesia has released its forecasts for retail sales in April 2026, indicating stability with a real sales index of <strong>231.0</strong>. However, sales experienced both monthly and annual declines.
Indonesia's central bank has announced a reduction in the dollar purchase limit in the local market to $50,000 per person monthly, aiming to address global economic pressures. This decision was made by the bank's governor during a press conference in Jakarta.
Bank Indonesia is preparing to convert the historic De Javasche Bank building into a museum in Surabaya. The project is currently in the study phase with the involvement of historical experts.
The head of Indonesia's Corruption Eradication Commission, Sitiou Budianto, emphasized the need for independence among investigators in a corruption case involving the social responsibility of Bank Indonesia. Ongoing investigations focus on the use of social program funds from 2020 to 2023.
Bank Indonesia, in collaboration with the Jakarta government, has launched a program aimed at enhancing the digital economy in 20 traditional markets. The initiative focuses on promoting digital payments and improving access to financial services.
Bank Indonesia announced the discovery of low-quality counterfeit currency in Bogor, confirming that these notes are easily distinguishable. This announcement was made during a press conference held in Jakarta.
Bank Indonesia has announced the use of new financial instruments, Sekuritas Valuta Asing Bank Indonesia (SVBI) and Sukuk Valuta Asing Bank Indonesia (SUVBI), as collateral in foreign currency repo transactions. This decision aims to enhance the stability of the Indonesian rupiah.