Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

Bank Indonesia Predicts CAD to Decrease to 2.5 Percent of GDP

Translator

Mahinda Arkyasa

12 August 2019 00:11 WIB

TEMPO.CO, Jakarta - Senior Deputy Governor of Bank Indonesia (BI) Destry Damayanti, expressed her optimism that the Current Account Deficit (CAD) will decrease by the end of 2019. Destry predicted that CAD can be in a range between 2.5 to 3 percent of the Gross Domestic Product (GDP).

"We will continue to try, BI can't do this alone because it is highly related to the real sector," Destry said on Sunday, August 11, 2019.

She confirmed that what has become BI's tasks and functions continue to run well, such as maintaining the stability of the Rupiah exchange rate and increasing liquidity. Destry asserted that BI had issued several financial instruments to increase liquidity in the foreign exchange.

"Including hedging instruments. It has been issued by BI and so far the market responded positively. For example DNDF [Domestic Non Delivery Forward], now many market players entered DNDF instead of the DNDF in foreign countries or Singapore," Destry stated.

Previously, BI recorded an expansion of the CAD in the second quarter of 2019. The condition was affected by seasonal occurrences of dividend repatriation, payment for foreign loan interest, and less favorable global economic conditions.

BI recorded the CAD to be increasing from USD 7.0 billion or equal to 2.6 percent of the GDP in the first quarter of 2019 to become USD 8.4 billion or 3 percent of the GDP. In addition to repatriation and payment of loan interests, expansion of the CAD also occurred due to decreasing commodity prices.

HENDARTYO HANGGI | FAJAR PEBRIANTO



Bank Indonesia to Start Office in IKN Starting August 17

7 hari lalu

Bank Indonesia to Start Office in IKN Starting August 17

Bank Indonesia will have its office in the Nusantara Capital City (IKN) starting August 17, 2024, according to BI Governor Perry Wijaya.


Bank Indonesia Readies Rp197.6 trillion for Ramadan, Eid al-Fitr Season

13 hari lalu

Bank Indonesia Readies Rp197.6 trillion for Ramadan, Eid al-Fitr Season

Bank Indonesia projects that the country will require over Rp197.6 trillion this Ramadan and Eid al-Fitr season.


Bank Indonesia: Single Round Election May Help Economy Grow More than 5.1%

23 hari lalu

Bank Indonesia: Single Round Election May Help Economy Grow More than 5.1%

Bank Indonesia (BI) Governor Perry Warjiyo is confident that Indonesia's economic growth will exceed 5.1 percent in 2024.


Bank Indonesia Estimates 2024 Global Economic Growth at 3%, Weaker Than Last Year

28 hari lalu

Bank Indonesia Estimates 2024 Global Economic Growth at 3%, Weaker Than Last Year

Bank Indonesia says the global economy this year will be weaker compared to 2023.


Bank Indonesia: 2023 E-Commerce Transaction Hits Rp454 Trillion

34 hari lalu

Bank Indonesia: 2023 E-Commerce Transaction Hits Rp454 Trillion

Bank Indonesia stated that the digital economy and finance are poised to be a game changer in the country's economic landscape.


Bank Indonesia Maintains 6 Percent Benchmark BI Rate, Rupiah Closes Stronger

36 hari lalu

Bank Indonesia Maintains 6 Percent Benchmark BI Rate, Rupiah Closes Stronger

Bank Indonesia Maintains 6 Percent Benchmark Interest Rate, Rupiah Closes Stronger


Central Bank Notes Indonesia's Property Price Hike in Q2/2023

37 hari lalu

Central Bank Notes Indonesia's Property Price Hike in Q2/2023

Bank Indonesia or BI said that the price of the property will increase further in Q4/2024, as seen from the BI's Residential Property Price Survey.


Bank Indonesia Must Maintain Interest Rate, Economist Says

48 hari lalu

Bank Indonesia Must Maintain Interest Rate, Economist Says

Economists said that Bank Indonesia must maintain interest rate


Bank Indonesia: Red Sea Conflict Delays Goods Distribution

50 hari lalu

Bank Indonesia: Red Sea Conflict Delays Goods Distribution

Bank Indonesia said that the conflict in the Red Sea is hampering the distribution of goods, including to Indonesia.


Bank Indonesia to Hold International Tourism Fair in Bali, Nusa Tenggara Mid-year

54 hari lalu

Bank Indonesia to Hold International Tourism Fair in Bali, Nusa Tenggara Mid-year

Bank Indonesia's Office for Bali, West Nusa Tenggara and East Nusa Tenggara is preparing a set of international tourism activities in June and July.