​No. 23/80/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 22^nd-26^th March 2021

End of Thursday, 25^th March 2021

1. The rupiah closed at a (bid) level of Rp14,420 per US dollar.
2. Benchmark 10-year SBN yield decreased to a level of 6.69%.
3. DXY[1] strengthened to a level of 92.85.
4. 10-year US Treasury (UST) Note[2] yield decreased to a level of 1.633%.

Friday Morning, 26^th March 2021

1. The rupiah opened at a (bid) level of Rp14,420 per US dollar.
2. Benchmark 10-year SBN yield was stable at 6.70%.

Foreign Capital Flows (Fourth Week of March 2021)

1. Indonesia 5-year credit default swap (CDS) premium increased to 86.49bps on 25^th March 2021 compared with 73.56bps on 19^th March 2021.
2. Based on transaction data from 22^nd-25^th March 2021, non-resident investors booked a net sell totalling Rp0.99 trillion in the domestic financial markets, with a net sell in the SBN market of Rp0.26 trillion and a net sell recorded in the stock market of Rp0.73 trillion.
3. Based on settlement data in 2021 (ytd), non-resident investors have booked a net sell totalling Rp9.32 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 March 2021, monthly inflation in March 2021 is predicted at 0.08% (mtm). Therefore, inflation in March 2021 for the calendar year is estimated at 0.44% (ytd) and 1.36% (yoy) annually.
2. The main inflation contributors in the reporting period were bird's eye chilies (0.04% mtm), shallots (0.03% mtm), carp and tomatoes (0.01% mtm).  In contrast, red chilies and gold jewellery (-0.03% mtm), amongst others, 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.