Tag: bank indonesia

The framework will support IDR-CNH settlement between Indonesia and Hong Kong, alongside moves to enhance Indonesia-China QR payment connectivity and CIPS access.

The US consumer price index hit 4.2% in in May, up from 3.8% in April, and the highest in three years. Bank Indonesia has increased interest rates by a further 0.25% to stabilise the rupiah.

The former Citibank executive succeeds Anthony Mathias amid a series of leadership appointments at the oil and gas firm.

The central bank said the surprise decision is a "pre-emptive" measure to keep inflation in check and to stablise the rupiah as the Iran war drags on. Exports of "strategic natural resources" will need to go through state-owned enterprises.

The agreement between the two central banks aims to boost bilateral cooperation in areas such as payments and anti-money laundering.

Part of the ‘second wave’ of IFRS9 late adopters, Indonesia is finding that time is running out even on its extended 2020 deadline. A European fintech provider, however, says its software could make it smoother.

Bank Indonesia governor pledges to reduce reserve burden for Islamic banks and those holding foreign currency deposits, in move to reduce the impact of US rate hikes.

Bank Indonesia plans to allow major lenders to offer call spreads to firms that need to hedge currency risks, a move that could cut hedging costs in half for some firms.

Bank Indonesia has said that it will intervene in the FX market to stop dangerous levels of appreciation after passage of a tax amnesty law.

In an effort to reduce the costs of funding for firms to single-digit levels, Indonesia will use a new policy rate framework to guide the country’s interest rates. It is not clear whether banks will expand credit in response.

Bank Indonesia’s no-dollar rule for cash and non-cash domestic transactions is in effect, exposing some treasurers to more rupiah volatility. They are looking closely at the policy’s exemptions and grace measures to see if they can escape its clutch.

Indian banks given power to own defaulting companies; Bank Indonesia uses fines and foreign exchange regualtions to tackle declines in rupiah; Hong Kong banks are targeted for Anti-Money-Laundering violations