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​Communication Department
4/24/2020 7:00 AM
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Rupiah Stability Indicators (24th April 2020)

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Reflecting current economic conditions, Bank Indonesia regularly publishes rupiah stability indicators, especially since the COVID-19 outbreak. The main indicators in question are the exchange rate and inflation, as follows:
A.   Exchange Rate Developments  20th – 23rd April 2020
End of Tuesday, 23rd April 2020
1.    The Rupiah appreciated to close at Rp15,350.
2.    10-year benchmark Government Securities (SBN) yield decreased to 7.81%.
3.    DXY[1] strengthened to a level of 100.43.
4.    10-year UST (US Treasury Note)[2] yield decreased to a level of 0.602%.
Friday Morning, 24th April 2020
1.    The Rupiah opened at a level of Rp15.400.
2.    10-year benchmark Government Securities (SBN) yield stable at 7.80%.
Foreign Capital Inflow (4th week of April 2020)
1.    5-year Indonesia Credit Default Swaps (CDS)[3] Premium increased to 210.59 bps as of 23rd April 2020 from 191.23 bps on 17th April 2020, triggered by concerns of global economic recession.
2.    Based on transaction data from 20th – 23rd April 2020, non-residents booked a net sell in the domestic financial market totaling Rp0,18 trillion, with a net sell recorded in the stock market of Rp1.58 trillion and a net buy in the SBN Market of Rp1.40 trillion.
3.    Based on settlement data from 20th – 23rd April 2020, non-residents booked a net sell  in the domestic financial market totaling Rp2.95 trillion and during 2020 (ytd) recorded a net sell in total Rp159.38 trillion.
B.   Inflation in 2020 Controlled and within the Target
1.    Based on the Price Monitoring Survey in the 4th week of April 2020, inflation in April estimated at 0.18% (mtm), increasing on the previous period and bringing the rate this calendar year to 0.94% (ytd) and 2.78% (yoy) annually.
2.    The main contributors in inflation in the reporting period were shallots (0.12%), gold jewelries (0.9%), oranges (0.5%), granulated sugar (0.02%), mineral water (0.02%), soybean cake, raw tofu, rice, and filter clove cigarettes, which each contributed 0.01% (mtm). In contrast, several major commodities experience price corrections (deflation), namely red chilies (-0.11%), purebred chicken meat (-0.08%), purebred chicken eggs, garlic, and air transport, which each contributed -0.01% (mtm).
3.    Inflation in the 4th week of April 2020 is lower than the previous week, primarily due to the price correction of red chilies, purebred chicken meat, garlic, and oranges. In contrast, several major commodities recorded higher prices than previous week, namely shallots and mineral water.
Bank Indonesia will continue to strengthen coordination with the Government and the relevant authority to carefully monitor the dynamics of COVID-19 outbreaks  and the economic impact on Indonesia over time, including the coordinated policy measures required to maintain macroeconomic and financial system stability, as well as solid and resilient economic growth.
 
Head of Communication Department
Onny Widjanarko
Executive Director
 
Information on Bank Indonesia
Phone. 021-131, Email : bicara@bi.go.id
 

 

 


 
[1] DXY or USD Index means an index of the value of US dollar relative to a basket of foreign currencies of 6 other main currencies (EUR, JPY, GBP, CAD, SEK, CHF).
[2] UST or US Treasury Note means debt security issued by the US government with maturity of 1-10 years.
[3] CDS or Credit Default Swaps is an  indicator frequently used to measure risks of a country.
 
 

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​Contact Center BICARA : 1500-131 e-mail : bicara@bi.go.id
Working hours: Monday to Friday, 08.00-16.00 West Indonesia Time
Halaman ini terakhir diperbarui 9/21/2020 8:58 PM
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