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 13-16th July 2020
End
of Thursday, 16th July 2020
1. The
rupiah closed at a level of Rp14,560 per US dollar.
2. Benchmark
10-year SBN yield decreased to 7.01%.
3. DXY
weakened to a level of 96.35.
4. US
Treasury (UST) Note
yield decreased to a level of 0.617%.
Friday Morning, 17th July 2020
1. The
rupiah opened at a level of Rp14,560 per US dollar.
2. Benchmark
10-year SBN yield was stable at 7.03%.
Foreign Capital Flows (Third Week of July 2020)
1. Indonesia
5-year credit default swap (CDS)
premium increased to 125.9bps as of 16th July 2020 from 1223.05bps
on 10th July 2020.
2. Based
on transaction data from 13-16th July 2020, non-resident investors
booked a net buy totalling Rp1.82 trillion in the domestic financial markets,
with a net buy recorded in the SBN market of Rp2.56 trillion and a net sell in
the stock market of Rp0.73 trillion.
3. Based
on settlement data in 2020 (ytd), non-resident investors have booked a net sell
totalling Rp145.47 trillion in the domestic financial markets.
B. Inflation
Remains Low and Under Control
1. Based
on the latest Price Monitoring Survey as of the third week of July 2020,
inflation is predicted in July 2020 at 0.01% (mtm). Therefore, inflation in July
2020 for the calendar year stands at 0.90% (ytd) or 1.76% (yoy).
2. The
main inflation contributors in the reporting period were purebred chicken eggs
(0.05% mtm), gold jewellery (0.03% mtm) and filtered clove cigarettes (0.01%
mtm). Meanwhile, several commodities experienced deflationary pressures, namely
shallots (-0.09% mtm), garlic (-0.03% mtm), granulated sugar (-0.02% mtm),
oranges (-0.02% mtm), as well as red chillies, beef, coconuts, cooking oil and
airfares (-0.01% mtm).
Bank
Indonesia will continue to strengthen coordination with the Government and other
relevant authorities 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
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.
United States Treasury Notes are government debt instruments issued by the
United States Department of the Treasury with tenors of 1-10 years.
