​No. 23/103/DKom

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 12-15^th April 2021

End of Thursday, 15^th April 2021

1. The rupiah closed at a (bid) level of Rp14,600 per US dollar.
2. Benchmark 10-year SBN yield increased to a level of 6.55%.
3. DXY[1] weakened to a level of 91.67.
4. 10-year US Treasury (UST) Note[2] yield decreased to a level of 1.576%.

Friday Morning, 16^th April 2021

1. The rupiah opened at a (bid) level of Rp14,600 per US dollar.
2. Benchmark 10-year SBN yield decreased to 6.50%.

Foreign Capital Flows (Third Week of April 2021)

1. Indonesia 5-year credit default swap (CDS) premium decreased to 81.67bps on 15^th April 2021 compared with 83.64bps on 9^th April 2021.
2. Based on transaction data from 12-15^th April 2021, non-resident investors booked a net sell totalling Rp0.71 trillion in the domestic financial markets, with a net buy in the SBN market of Rp1.30 trillion and a net buy recorded in the stock market of Rp0.59 trillion.
3. Based on settlement data in 2021 (ytd), non-resident investors have booked a net sell totalling Rp12.85 trillion in the domestic financial markets.
   
    

B.    Inflation Remains Low and Under Control

1. Based on the latest Price Monitoring Survey in the third week of April 2021, monthly inflation in April 2021 is predicted at 0.15% (mtm). Therefore, inflation in April 2021 for the calendar year is estimated at 0.60% (ytd) and 1.44% (yoy) annually.
2. The main inflation contributors in the reporting period were purebred chicken meat (0.09% mtm), oranges (0.04% mtm), red chilies (0.02% mtm) as well as cooking oil and beef (0.01% mtm). In contrast, bird's eye chilies (-0.03% mtm), purebred chicken eggs (-0.02% mtm) as well as water spinach, shallots, spinach and rice (-0.01% mtm) experienced deflationary pressures.

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

Erwin Haryono

Executive Director

Information about 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.