BI decided to maintain the BI Rate at 6.5 percent

Friday, March 5th, 2010

Meeting of the Board of Governors of Bank Indonesia (BI) decided to maintain the BI Rate at 6.5 percent level because they were considered consistent with achieving the inflation target in 2010 and 2011 for 5 plus minus 1 percent, according to Head of Public Relations Bureau Difi A BI ...

RI ratings as economy strengthens

Wednesday, January 27th, 2010

Fitch Ratings on Monday upgraded Indonesia’s long-term foreign and local currency ratings to BB+ from BB, one level below investment grade, citing the country’s resilience to the global financial crisis. S&P’s rating is three levels below investment grade, while Moody’s is two levels below investment grade.

The BI Rate at the 6.5 percent

Saturday, January 9th, 2010

The Board of Governors of BI (Bank Indonesia) at meeting here on Wednesday decided to maintain the BI Rate at the level of 6.5 percent. The BI Rate at the 6.5 percent level was considered consistent with the 2010 inflation target achievement at 5 percent with plus minus of one percent, ...

BI : Foreign exchange reserves to reach US$66 billion

Thursday, December 3rd, 2009

Acting governor of Bank Indonesia Darmin Nasution said he believed the country`s foreign exchange reserves could reach US$66 billion by the end of this year. "We believe they could reach US$66 billion and so we would be able to finance 6.5 months of imports as well as repay debt installments and ...

BI working to improve bank supervision procedures

Thursday, December 3rd, 2009

Bank Indonesia is working to improve its standard operation procedures for bank supervision to make it more responsive and quicker, the bank`s acting chief, Darmin Nasution, said here on Wednesday. "We are still working to improve the SOP for bank supervision to make it more responsive," the central bank`s senior deputy ...

BI: Impact of crisis began to subside

Thursday, November 12th, 2009

Bank Indonesia is assessing the impact of the global economic crisis could hit almost all sectors perkonomian, now began to subside. BI Senior Deputy Governor Nasution Nasution said Indonesia's economy began to show improvement this year. This is evident from the preservation of inflation, a stable economic growth, strengthening the exchange ...

BNI prepares US$200 m to increase trade with Algeria, Tunisia

Wednesday, October 28th, 2009

PT Bank Negara Indonesia (BNI) is preparing US$200 million for financing trade with Algeria and Tunisia, a BNI official said. "BNI is ready to facilitate companies willing to invest in Algeria and Tunisia," BNI director for international affairs and treasury, Bien Subiantoro said here on Tuesday. He said that BNI would provide ...