Monitoring
economic conditions in Indonesia, particularly in terms of the COVID-19 impact,
Bank Indonesia regularly publishes rupiah stability indicators, including the
exchange rate and inflation, as follows:
A. Exchange
Rate Developments 9-12th November 2020
End
of Thursday, 12th November 2020
1. The
rupiah closed at a (bid) level of Rp14,140 per US dollar.
2. Benchmark
10-year SBN yield increased to 6.30%.
3. DXY
strengthened to a level of 92.97.
4. 10-year
US Treasury (UST) Note
yield increased to a level of 0.882%.
Friday Morning, 13th November 2020
1. The
rupiah opened at a (bid) level of Rp14,140 per US dollar.
2. Benchmark
10-year SBN yield increased to 6.31%.
Foreign Capital Flows (Second Week of November
2020)
1. Indonesia
5-year credit default swap (CDS)
premium decreased to 72.68bps as of 12th November 2020 compared with
81.63bps on 6th October 2020.
2. Based
on transaction data from 9-12th October 2020, non-resident investors
booked a net buy totalling Rp7.18 trillion in the domestic financial markets,
with a net buy in the SBN market of Rp4.71 trillion and a net buy recorded in
the stock market of Rp2.47 trillion.
3. Based
on settlement data in 2020 (ytd), non-resident investors have booked a net sell
totalling Rp145.75 trillion in the domestic financial markets.
B. Inflation
Remains Low and Under Control
1. Based
on the latest Price Monitoring Survey as of the second week of November 2020,
inflation in November 2020 is predicted at 0.21% (mtm). Therefore, inflation in
November 2020 for the calendar year is estimated at 1.17% (ytd) or 1.53% (yoy)
annually.
2. The
main inflation contributors in the reporting period were purebred chicken meat
(0.08% mtm), red chilies (0.03% mtm), purebred chicken eggs and shallots (0.02%
mtm) as well as bird’s eye chilies, cooking oil, tomatoes and garlic (0.01%
mtm). Meanwhile, several commodities experienced deflationary pressures, namely
airfares and gold jewellery (-0.01% mtm).
Bank
Indonesia will continue to strengthen coordination with the Government and
other relevant authorities in order to carefully monitor COVID-19 transmission
dynamics and the economic impact over time, while taking the coordinated policy
measures required to maintain macroeconomic and financial system stability as
well as support solid and resilient national economic growth.
Head of Communication Department
Onny Widjanarko
Executive Director
Information on Bank Indonesia
Tel. 021-131, email: bicara@bi.go.id
1 DXY or the US Dollar Index is an index of the value of the United States dollar relative to a basket of six foreign currencies, namely EUR, JPY, GBP, CAD, SEK and CHF.
2 United States Treasury Notes are government debt instruments issued by the United States Department of the Treasury with tenors of 1-10 years.
3 CDS or credit default swaps are an indicator often used as a proxy of country risk.
