#financial system

Collection of financial system news, found 490 news.

BI supports the issuance of Perppu No.1 of 2020

Bank Indonesia (BI) supports the issuance of Government Regulation in Lieu of Law (Perppu) No.1 of 2020 as a relaxation ...

COVID-19 fallout: Indonesia increases budget spending by $24.8 billion

Indonesia has decided to increase the state budgetary spending for 2020 by Rp405.1 trillion (US$24.8 billion) to deal ...

BI lowers economic growth projection for 2020 to 4.2-4.6 percent

Indonesia’s central bank trimmed its economic growth forecast for 2020 to 4.2-4.6 percent, from the earlier ...

BI to intensify digitalization of MSME payment system

Bank Indonesia (BI) will boost digitalization of the payment system for Micro, Small and Medium Enterprises (MSMEs) ...

Indonesia's foreign exchange reserves at US$130.4 billion in February

Indonesia's foreign exchange reserves at the end of February 2020 were recorded at US$130.4 billion, or stayed high ...

BI stresses greater cooperation to restore global conditions

Bank Indonesia (BI) highlighted the need to step up international cooperation to overcome the current global economic ...

BI pushes loan growth down to 9-11%

Bank Indonesia (BI) has revised loan growth in 2020 from 10 to 12 percent to 9 to 11 percent, stating that this is a ...

Indonesia's BOP for Q4 2019 recorded US$-4.3 billion surplus: BI

Indonesia’s Balance of Payments (BOP) in the fourth quarter (Q4) of 2019 recorded a surplus of US$4.3 billion, ...

Indonesia's official reserve assets rose at January-end: BI

Indonesia's official reserve assets amounted to US$131.7 billion as of January-end 2020, rising from $129.2 billion ...

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National economic growth momentum remains strong

The national economic growth momentum is resilient as a corollary of improving export performance and solid household ...

BI decides to hold its benchmark interest rate at five percent

Bank Indonesia (BI) took the decision to hold its benchmark interest rate at five percent and promised that its ...

Indonesia's financial system remains stable despite global turmoil

Finance Minister Sri Mulyani Indrawati pointed to Indonesia's financial system remaining under control in the ...

IHSG strengthens as US-Iran tensions mollify

The Indonesian composite index (IHSG) of the Indonesia Stock Exchange (IDX), Jakarta, opened higher on Thursday, as ...

Indonesia's official reserve assets reach USD129.2 billion in December

Indonesia's official reserve assets stood at USD129.2 billion as of end-December 2019, increased from USD126.6 ...

BI, OJK, LPS implement integrated bank sector reporting

Bank Indonesia (BI), the Indonesian Financial Services Authority (OJK), and Deposit Insurance Corporation (LPS) agreed ...