indonesiascentralbank
The growth is supported by exports and domestic consumption that ought to be maintained.
JAKARTA, KOMPAS.com \- Indonesia's Central Bank (BI) Governor Perry Warjiyo said that the national economic growth would reach 5.2 percent in 2022, supported by exports and domestic consumption that ought to be maintained. Meanwhile, in 2023, he estimated that economic growth could reach 4.6 to 5.3 percent or higher than the global growth of 2.6 percent. “Hence, our economic growth is higher than (that of) the world, even higher than other developing countries. Of course, we must encourage exports, carry out downstreaming, and strengthen the people's economy," Warjiyo said at the webinar "Nati...
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Bank Indonesia raised the policy rate to 3.75 from 3.5 percent.
JAKARTA, KOMPAS.com \- Indonesia's central bank hiked its key interest rate Tuesday, Aug. 23, for the first time in nearly four years to combat rising inflation stoked by the Covid-19 pandemic and war in Ukraine. Bank Indonesia raised the policy rate to 3.75 from 3.5 percent, a move that went against the majority of analysts' predictions. Its two other main rates were also raised by 25 basis points. Rates were hiked for the first time since 2018 to defend against accelerating inflation, Bank Indonesia governor Perry Warjiyo said, with Russia's invasion driving up global energy and food prices ...
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