Dana Kemanusiaan Kompas
Nama & Peristiwa
Rupiah Not Affected by US Fed Rate Increase
Indonesia’s economic indicators, such as the economic growth and inflation, were still better than those in many other countries that were seeing a potential for recession and hyperinflation.
BI Raises Reference Rate, Inflation Subsides
The inflation rate, which rose precipitously in previous months due to increasing prices of fuel and imported goods, has begun to subside. Bank Indonesia (BI) again raised its benchmark interest rate by 25 basis points.
Inflation and High Interest Rates
Global inflationary pressures are still high. Central banks raised interest rates again. There may be a global recession and Indonesia must adapt.
Mitigating the Fall of Rupiah, BI Aggressively Raises Interest
The increase in the Fed's interest rates and the increasing uncertainty in the global economy have encouraged the strengthening of the US dollar against other currencies.
BI Becomes More Aggressive as Pressure Grows
According to the Governor of Bank Indonesia Perry Warjiyo, it was necessary to increase the benchmark interest rate in an effort to bring back the inflation within the 2-4 percent target in the third quarter of 2023.
Raising Interest Rates, BI Steps on the Brakes Early
Bank Indonesia has decided to raise interest rates early as a preemptive measure to cope with inflation in the event of an increase in fuel and food prices.
BI Still has Room to Maintain Interest Rates
Indonesia's foreign exchange reserves are in a strong position to maintain the stability of the rupiah exchange rate. As of 31 March 2022, the value of Indonesia's foreign exchange reserves was US$139.12 billion.
“Taper Tantrum” Threatens Economic Recovery
Valuable lessons from the US more or less indicate that the success of the vaccination program is one of the key factors in the economic recovery of the superpower.
Alarm of Economic Recession
Statistics Indonesia (BPS) has announced that the economy contracted in the third quarter by 3.49 percent year-on-year (yoy), meaning that Indonesia has entered a recession.
Observing the Surge in Gold Prices
Recently there has been a surge in gold prices on the world markets. The increase in the price of gold has been remarkable since the global financial crisis (GFC) 2008/2009, which was followed by the great recession.