Indonesia

Bank Indonesia hikes rates

Indonesia's central bank raised rates for the third time in a row as the fuel price hike and soaring food prices pushed inflation to above 11% in June.

Indonesian governor detained

Burhanuddin Abdullah, the governor of Bank Indonesia, has been detained at police headquarters by the country's anti-corruption agency, Komisi Pemberantasan Korupsi (KPK), a day after parliament approved economics minister Boediono as the next central…

Indonesia's Boediono gets the nod

Boediono, Indonesia's economics minister, will become governor of the country's central bank in May after a parliamentary committee approved his appointment.

Indonesian governor questioned

Burhanuddin Abdullah, the governor of Bank Indonesia has been questioned over an alleged corruption case which the country's powerful Corruption Eradication Commission believes involves the central bank.

Indonesia holds rates

Bank Indonesia's rate-setting board voted on Wednesday to leave rates at 8% in an attempt to bring inflation within the 4-6% range set for 2008.

Carry trade returns high but losses heavy

Though carry trades in various Asian currencies tend to outperform major stock markets, there is a relatively high frequency of large negative returns, research published by the Bank for International Settlements finds.

Bank Indonesia - Annual Report 2006

The year 2006 was an engrossing year replete with numerous successes but also beset with challenges that further matured our managing of the economy, says Burhanuddin Abdullah, the governor of Bank Indonesia.

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