Sign Up
Stories
Indonesia's Central Bank Holds Rates
Share
Aid, Rate Pause, and Economic Recovery
Central Banks' Inflation and Economic Ma...
Economic Stimulus and Inflation Challeng...
Bank Indonesia Stays on Hold with Intere...
Bank of Korea Holds Policy Rate Steady A...
Bank of Korea to Implement Mixed Policie...
Overview
API
Indonesia's central bank, Bank Indonesia, maintains interest rates unchanged despite rupiah exchange rate volatility, aiming to stabilize the rupiah and curb imported inflation. The rupiah's exchange rate has been influenced by market sentiment and the Federal Reserve's tightening cycle. The central bank expects GDP growth to range between 4.5% and 5.3% in 2023, with stronger gains forecasted for 2024. The rupiah's recent gains are attributed to a market's risk-on sentiment, easing exports decline, and a booming tourism sector.
Ask a question
How might the central bank's decision to maintain interest rates affect investor confidence and foreign direct investment in Indonesia?
How might the central bank's decision to maintain interest rates impact Indonesia's economy and its trading partners?
What factors could influence the rupiah's future exchange rate volatility and the central bank's decision to raise or lower interest rates?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Jun 2023
Aug 2023
Oct 2023
Coverage