Bank Indonesia Governor Perry Warjiyo talks during a virtual press conference held after the central bank s two-day policy meeting on Jan 21. - Courtesy of Bank Indonesia/-
JAKARTA (The Jakarta Post/ANN): Bank Indonesia (BI) decided Tuesday (April 20) to maintain its benchmark interest rate at 3.5 per cent to safeguard the rupiah as uncertainty continues to haunt the global financial market.
Aside from maintaining the seven-day reverse repo rate, the central bank also held the deposit facility rate and lending facility rate at 2.75 per cent and 4.25 per cent, respectively.
“This decision is in line with the need to safeguard the stability of the rupiah’s exchange rate against the high uncertainty in the global financial market, although the inflation forecast remains low, ” BI governor Perry Warjiyo said in a virtual presser on Tuesday following a two-day monetary policy meeting.
President Joko Widodo (right) and German Chancellor Angela Merkel during a virtual meeting on April 13. - BPMI
JAKARTA (The Jakarta Post/ANN): President Joko “Jokowi” Widodo has offered to open, within the Batang Integrated Industrial Park in Central Java, an area designated for German companies as Indonesia seeks to woo new foreign investors.
Jokowi extended the offer to German Chancellor Angela Merkel during a closed-door virtual meeting on Tuesday (April 13), a day after the two leaders opened the German-based Hannover Messe 2021 trade fair, in which Indonesia is a partner country.
“I am offering Germany the opportunity to develop a German industrial quarter in the Batang integrated industrial zone, ” Jokowi said in a statement, without providing further details.
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