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No. 23/152/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 21^st-25^th June 2021

End of Thursday, 24^th June 2021

1. The Rupiah closed at a (bid) level of Rp14,435 per US dollar.
2. Benchmark 10-year SBN yield increased to a level of 6.54%.
3. DXY¹ weakened to a level of 91.81.
4. 10-year US Treasury (UST) Note² yield increased to a level of 1.492%.

Friday Morning, 25^th June 2021

1. The Rupiah opened at a (bid) level of Rp14,400 per US dollar.
2. Benchmark 10-year SBN yield decreased to 6.53%.

Foreign Capital Flows (Fourth Week of June 2021)

1. Indonesia 5-year credit default swap (CDS) premium decreased to 72.91bps on 24^th June 2021 compared with 73.79bps on 18^th June 2021.
2. Based on transaction data from 21^st-24^th June 2021, non-resident investors booked a net buy totalling Rp5.32 trillion in the domestic financial markets, with a net buy in the SBN market of Rp4.04 trillion and a net buy recorded in the stock market of Rp1.28 trillion.
3. Based on settlement data in 2021 (ytd), non-resident investors have booked a net buy totalling Rp10.36 trillion in the domestic financial markets.
    

B.   Inflation Remains Low and Under Control

1. Based on the latest Price Monitoring Survey in the fourth 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 red chilies (-0.10% 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, fresh shrimp and airfares (-0.01% mtm). In contrast, purebred chicken eggs (0.03% mtm), gold jewellery (0.02% mtm) as well as cooking oil, mustard greens, long beans, 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, 25^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.