​

No. 23/314/DKom

Monitoring economic conditions in Indonesia, particularly in terms of the Covid-19 impact, Bank Indonesia regularly publishes rupiah stability indicators, including exchange rates and inflation, as follows:

A.    Exchange Rate Developments 22^nd-26^th November 2021

End of Thursday, 25^th November 2021

1. The rupiah closed at a (bid) level of Rp14,265 per US dollar.
2. Benchmark 10-year SBN yield increased to a level of 6.18%.
3. DXY^[1] strengthened to a level of 96.77.
4. 10-year US Treasury (UST) Note^[2] yield increased to a level of 1.634%.

Friday Morning, 26^th November 2021

1. The rupiah opened at a (bid) level of Rp14,280 per US dollar.
2. Benchmark 10-year SBN yield remained stable at a level of 6.17%.

Foreign Capital Flows (Fourth Week of November 2021)

1. Indonesia 5-year credit default swap (CDS) premium increased to 79.88bps on 25^th November 2021 compared with 76.96bps on 19^th November 2021.
2. Based on transaction data from 22^nd-25^th November 2021, non-resident investors booked a net sell totalling Rp1.29 trillion in the domestic financial markets, comprising a net sell in the SBN market of Rp1.77 trillion and a net buy recorded in the stock market of Rp0.48 trillion.
3. Based on settlement data in 2021 (ytd), non-resident investors have booked a net sell totalling Rp18.59 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 November 2021, monthly price developments in November 2021 remain under control and inflation is predicted at 0.34% (mtm). Therefore, inflation in November 2021 for the calendar year is estimated at 1.27% (ytd) and 1.72% (yoy) annually.
2. The main inflation contributors in the reporting period were purebred chicken eggs (0.10% mtm), cooking oil (0.08% mtm), red chillies (0.06% mtm), gold jewellery (0.02% mtm) as well as mustard greens, spinach, purebred chicken meat, detergent powder, airfares and filtered clove cigarettes (0.01% mtm). In contrast, shallots (-0.02% mtm) and tomatoes (-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.

Jakarta, 26^th November 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.