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 19th-22nd October 2020
End
of Thursday, 22nd October 2020
1. The
rupiah closed at a (bid) level of Rp14,640 per US dollar.
2. Benchmark
10-year SBN yield decreased to 6.72%.
3. DXY
weakened to a level of 92.95.
4. 10-year
US Treasury (UST) Note
yield increased to a level of 0.856%.
Friday Morning, 23rd October 2020
1. The
rupiah opened at a (bid) level of Rp14,650 per US dollar.
2. Benchmark
10-year SBN yield stable at 6.59%.
Foreign Capital Flows (Fourth Week of October
2020)
1. Indonesia
5-year credit default swap (CDS)
premium remained relatively stable at 93.91bps as of 22nd October
2020 comparted with 93.22bps on 16th October 2020.
2. Based
on transaction data from 19th-22nd October 2020,
non-resident investors booked a net buy totalling Rp4.04 trillion in the
domestic financial markets, with a net buy in the SBN market of Rp4.98 trillion
and a net sell recorded in the stock market of Rp0.94 trillion.
3. Based
on settlement data in 2020 (ytd), non-resident investors have booked a net sell
totalling Rp160.56 trillion in the domestic financial markets.
B. Inflation
Remains Low and Under Control
1. Based
on the latest Price Monitoring Survey as of the fourth week of October 2020,
inflation in October 2020 is predicted at 0.08% (mtm). Therefore, inflation in
October 2020 for the calendar year is estimated at 0.97% (ytd) or 1.46% (yoy)
annually.
2. The
main inflation contributors in the reporting period were red chilies (0.09%
mtm), shallots (0.03% mtm), as well as cooking oil and purebred chicken meat (0.01%
mtm). Meanwhile, several commodities experienced deflationary pressures, namely
purebred chicken eggs (-0.04% mtm), rice 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
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.
CDS or credit default swaps are an indicator
often used as a proxy of country risk.
