No. 23/92/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 5-9^th April 2021

End of Thursday, 8^th April 2021

1. The rupiah closed at a (bid) level of Rp14,530 per US dollar.
2. Benchmark 10-year SBN yield decreased to a level of 6.43%.
3. DXY[1] weakened to a level of 92.06.
4. 10-year US Treasury (UST) Note[2] yield decreased to a level of 1.619%.

Friday Morning, 9^th April 2021

1. The rupiah opened at a (bid) level of Rp14,530 per US dollar.
2. Benchmark 10-year SBN yield decreased to 6.39%.

Foreign Capital Flows (Second Week of April 2021)

1. Indonesia 5-year credit default swap (CDS) premium increased to 84.07bps on 8^th April 2021 compared with 82.73bps on 2^nd April March 2021.
2. Based on transaction data from 5-8^th April 2021, non-resident investors booked a net buy totalling Rp2.34 trillion in the domestic financial markets, with a net buy in the SBN market of Rp4.15 trillion and a net sell recorded in the stock market of Rp1.81 trillion.
3. Based on settlement data in 2021 (ytd), non-resident investors have booked a net sell totalling Rp9.68 trillion in the domestic financial markets.
   
    

B.    Inflation Remains Low and Under Control

1. Based on the latest Price Monitoring Survey in the second week of April 2021, monthly inflation in April 2021 is predicted at 0.08% (mtm). Therefore, inflation in April 2021 for the calendar year is estimated at 0.53% (ytd) and 1.37% (yoy) annually.
2. The main inflation contributors in the reporting period were purebred chicken meat (0.05% mtm), oranges and red chilies (0.02% mtm) as well as cooking oil (0.01% mtm). In contrast, purebred chicken eggs (-0.04% mtm), bird's eye chilies (-0.03% mtm), 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.

Jakarta, 9^th April 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.