Yesterday's economy: BI-Rate hike to new IDX board of directors

The Board of Governors Meeting of Bank Indonesia in June 2026 decided to raise the benchmark interest rate, or BI-Rate, by 25 basis points to 5.75 percent. “The deposit facility rate also rose by 25 bps to 4.75 percent and the lending facility rate increased by 25 bps to 6.5 percent,” said BI Governor Perry Warjiyo during a press conference on the results of the BI Board of Governors Meeting for June 2026 in Jakarta on Thursday.

Trade Minister Budi Santoso affirmed that the government is currently maintaining the highest retail price for the people’s cooking oil, Minyakita, at Rp15,700 per litre. According to Budi, the government’s focus is on strengthening the distribution of Minyakita so that it is more easily accessible to the public, particularly through traditional markets.

Agriculture Minister Amran Sulaiman stated that Indonesia has successfully achieved food self-sufficiency status based on the maximum import limit indicator set by the Food and Agriculture Organisation of the United Nations, or FAO. Amran, during a press briefing at the State Palace complex in Jakarta on Thursday, said the claim of self-sufficiency success refers to the standard FAO provisions of 1999, which categorise a country as self-sufficient if its import fulfilment is below the maximum limit of 10 percent.

Finance Minister Purbaya Yudhi Sadewa secured funding worth 17 billion US dollars from the Asian Infrastructure Investment Bank for national development during the 2025–2029 period. The funding commitment was one of the main achievements in a bilateral meeting between the Indonesian Finance Minister and AIIB leadership in Beijing, China.

The Financial Services Authority has determined the names of candidates for the Board of Directors of the Indonesia Stock Exchange for the 2026 to 2030 term and will soon seek approval at the Annual General Meeting of Shareholders scheduled for 29 June 2026. The OJK appointed Jeffrey Hendrik as President Director of the IDX, where Jeffrey currently serves as Acting President Director of the IDX.