Latest news with #rupiah
Zawya
a day ago
- Business
- Zawya
Indonesia raises $554mln from Islamic bond auction
Indonesia raised 9 trillion rupiah ($554 million) on Tuesday in an Islamic bond auction, matching the indicative target, its finance ministry said. Total incoming bids were 33.11 trillion rupiah, lower than the 43 trillion rupiah in the previous auction on August 5. ($1 = 16,235.0000 rupiah) (Reporting by Stanley Widianto Editing by Mark Potter)
Bloomberg
5 days ago
- Business
- Bloomberg
Indonesia Budget 2026: Consumer, Energy Stocks Emerge as Winners
Indonesia's consumer and mining firms are set to benefit from the country's 3.79 quadrillion rupiah ($234 billion) spending plan next year as President Prabowo Subianto aims to accelerate growth in Southeast Asia's largest economy. The president plans to ramp up spending on his flagship free meals program and expand the downstream mining sector. His target of 5.4% economic growth in 2026, while narrowing the deficit to 2.48% of gross domestic product, will come as a relief to investors earlier rattled by concerns of a slowing economy and fiscal discipline.
Bloomberg
31-07-2025
- Business
- Bloomberg
Bank Indonesia Intervenes as Rupiah Hits Weakest in One Month
The Indonesian central bank intervened in foreign-exchange markets to stabilize the rupiah after the Federal Reserve's hawkish tone sent the dollar surging to a two-month high overnight. 'The central bank ensures the stability of the rupiah to be in line with its fundamental value through various measures in the market,' Bank Indonesia executive director for monetary and securities management Erwin Hutapea told Bloomberg News in a text message on Thursday.
Bloomberg
18-06-2025
- Business
- Bloomberg
Indonesia Holds Key Rate as Global Risks Outweigh Growth Focus
Indonesia's central bank kept interest rates unchanged, pausing its cuts to support the rupiah in the face of the global trade war and growing conflicts in the Middle East. Bank Indonesia held its benchmark BI-Rate at 5.5% on Wednesday, as expected by 26 of 35 economists surveyed by Bloomberg. The others predicted policymakers would continue to ease after lowering the policy rate in May.
Bloomberg
22-05-2025
- Business
- Bloomberg
Indonesia Set for More Rate Cuts on Growth View, Analysts Say
An improving market sentiment will pave the way for Indonesia's central bank to better balance its pro-growth stance with ensuring stability in the financial markets, according to analysts. Bank Indonesia will not hesitate to stabilize the rupiah through intervention amid economic uncertainty, Governor Perry Warjiyo said after reducing the BI-Rate by 25 basis points on Wednesday. The central bank also lowered its 2025 gross domestic product growth forecast to a range of 4.6% to 5.4%.
