Edition:
India

Tabita Diela

UPDATE 1-Indonesia c.bank holds fire on rates, vows to keep liquidity loose

19 May 2020

JAKARTA, May 19 Indonesia's central bank kept its policy rate steady on Tuesday to bolster market stability, but pledged to maintain ample cash in the financial system and said there was room to cut rates in the future to cushion Southeast Asia's biggest economy. ​ The move to leave Bank Indonesia's 7-day reverse repurchase rate unchanged at 4.50% was a surprise with 16 out of 26 analysts in a Reuters poll expecting a 25-basis point cut.

Indonesia returns to trade deficit in April as imports, exports plummet

15 May 2020

JAKARTA Indonesia's imports in April shrank at the fastest pace in nearly five years, underlining weak domestic demand and as its export markets were disrupted by the coronavirus pandemic, trade data showed on Friday.

Indonesia central bank pledges liquidity support, cautions on rate cut as economy slows

06 May 2020

JAKARTA Indonesia's central bank chief pledged on Wednesday to provide as much liquidity as needed to support an economy that last quarter grew at its slowest in 19 years, but hinted that keeping the rupiah currency stable might prevent an early interest rate cut.

UPDATE 1-Indonesia c.bank pledges liquidity support, cautions on rate cut as economy slows

06 May 2020

* Gov says interest rate policy's priority is rupiah stability

Indonesia's first-quarter GDP growth weakest since 2001, recession looms

05 May 2020

JAKARTA Indonesia's economy grew at its weakest pace since 2001 in the first quarter, as the coronavirus pandemic halted business activity in Southeast Asia's largest economy and fuelled expectations of a looming recession.

S&P revises Indonesia's credit rating outlook to 'negative' amid virus outbreak

17 Apr 2020

JAKARTA S&P Global Ratings on Friday revised Indonesia's credit rating outlook to "negative" from "stable", indicating the rising financial risks the country faces as it ramps up government spending in response to the coronavirus outbreak.

UPDATE 1-Indonesia to expand tax breaks to more sectors to prevent 'bankruptcies'

17 Apr 2020

* Indonesia economy faces a "huge shock" due to global recession

UPDATE 2-Indonesia c.bank cuts RRR, says stance is "very loose"

14 Apr 2020

* RRR cut and other measures to add 117.8 trln rupiah of liquidity

Indonesian firms face $4 billion debt wall as rupiah slides

03 Apr 2020

JAKARTA A plunge in the rupiah could leave Indonesian firms exposed to $4 billion in debt next year, after credit ratings agencies hit some companies this week with another round of credit downgrades as the coronavirus pandemic chokes economic activity.

UPDATE 1-Indonesia's FX reserves drop by some $9 bln amid capital outflows

02 Apr 2020

* C.bank gov says current reserves level "more than enough" (Recasts with FX reserves drop)

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