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No. 23/146/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 14-18^th June 2021

End of Thursday, 17^th June 2021

1. The Rupiah closed at a (bid) level of Rp14,350 per US dollar.
2. Benchmark 10-year SBN yield increased to a level of 6.48%.
3. DXY¹ strengthened moderately to a level of 91.89.
4. 10-year US Treasury (UST) Note² yield increased to a level of 1.504%.
    

Friday Morning, 18^th June 2021

1. The Rupiah opened at a (bid) level of Rp14,360 per US dollar.
2. Benchmark 10-year SBN yield increased to 6.50%.
    

Foreign Capital Flows (Third Week of June 2021)

1. Indonesia 5-year credit default swap (CDS) premium increased to 73.46bps on 17^th June 2021 compared with 71.71bps on 11^th June 2021.
2. Based on transaction data from 14-17^th June 2021, non-resident investors booked a net sell totalling Rp3.31 trillion in the domestic financial markets, with a net sell in the SBN market of Rp2.80 trillion and a net sell recorded in the stock market of Rp0.51 trillion.
3. Based on settlement data in 2021 (ytd), non-resident investors have booked a net buy totalling Rp20.63 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 June 2021, monthly price developments in June 2021 remain under control and deflation is predicted at 0.11% (mtm). Therefore, inflation in June 2021 for the calendar year is estimated at 0.79% (ytd) and 1.38% (yoy) annually.
2. The main deflation contributors in the reporting period were red chilies (-0.09% mtm), purebred chicken meat (-0.08% mtm), intercity transport fares (-0.06% mtm), bird's eye chilies (-0.04% mtm), shallots (-0.02% mtm) as well as beef, coconuts and fresh shrimp (-0.01% mtm). In contrast, purebred chicken eggs (0.04% mtm), gold jewellery (0.03% mtm), as well as cooking oil, mustard greens, rice with a side dish and filtered clove cigarettes (0.01% mtm) experienced inflationary 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.

Jakarta, 18^th June 2021
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.