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 22nd-25th June 2020
End of Thursday, 25th June 2020
1. The
rupiah closed at a level of Rp14,000 per US dollar.
2. Benchmark
10-year SBN yield was stable at 7.15%.
3. DXY
weakened to a level of 97.43.
4. US
10-year Treasury (UST) Note
yield decreased to a level of 0.686%.
Friday Morning, 26th June 2020
1. The
rupiah opened at a level of Rp14,110 per US dollar.
2. Benchmark
10-year SBN yield increased to 7.18%.
Foreign
Capital Flows (Fourth Week of June 2020)
1. Indonesia
5-year credit default swap (CDS)
premium increased to 131.66bps as of 25th June 2020 from 121.57bps
on 19th June 2020.
2. Based
on transaction data from 22nd-25th June 2020,
non-resident investors booked a net buy totalling Rp3.40 trillion in the
domestic financial markets, with a net buy recorded in the SBN market of Rp4.92
trillion and a net sell in the stock market of Rp1.52 trillion.
3. Based
on settlement data in 2020 (ytd), non-resident investors have booked a net sell
totalling Rp141.72 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 June 2020, lower
inflation is predicted in June 2020 at -0.01% (mtm). Therefore, inflation estimate
in June 2020 for the calendar year stands at 0.90% (ytd) or 1.76% (yoy).
2. The
main deflation contributors in the reporting period were garlic at -0.04%
(mtm), red chilis, oranges and airfares at -0.03% (mtm),
bird’s eye chilis, granulated sugar and gold jewellery at -0.02% (mtm), and
cooking oil at -0.01% (mtm). Meanwhile,
several commodities experienced inflationary pressures, namely purebred chicken
meat at 0.13% (mtm), purebred chicken eggs at 0.05% (mtm) and tomatoes at 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 about 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.
