​No.24/156/DKom

Monitoring the ongoing national economic recovery, Bank Indonesia regularly publishes rupiah stability indicators, including exchange rates and inflation, as follows:

A.    Exchange Rate Developments 13-17^th June 2022

End of Thursday, 16^th June 2022

1. The rupiah closed weaker at a (bid) level of Rp14,765 per US dollar.
2. Benchmark 10-year SBN yield increased to a level of 7.36%.
3. DXY[1] weakened to a level of 103.63.
4. 10-year US Treasury (UST) Note[2] yield increased to a level of 3.195%.

Friday Morning, 17^th June 2022

1. The rupiah opened at a (bid) level of Rp14,820 per US dollar.
2. Benchmark 10-year SBN yield increased to a level of 7.39%.

Foreign Capital Flows (Third Week of June 2022)

1. Indonesia 5-year credit default swap (CDS) premium increased to 137.03bps on 16^th June 2022 compared with 117.31bps on 10^th June 2022.
2. Based on transaction data from 13-16^th June 2022, non-resident investors booked a net sell totalling Rp7.34 trillion in the domestic financial markets, comprising a net sell of Rp6.75 trillion in the SBN market and a net sell of Rp0.59 trillion in the stock market.
3. Based on settlement data as of 16^th June 2022 (ytd), non-resident investors booked a net sell totalling Rp96.49 trillion in the SBN market and a net buy of Rp70.00 trillion in the stock market.

B.    Inflation

1. Based on the latest Price Monitoring Survey in the third week of June 2022, inflation developments is predicted at 0.43% (mtm) in the reporting period. 
2. The main inflation contributors in the reporting period were red chillies (0.14% mtm), bird's eye chillies (0.10% mtm), shallots (0.06% mtm), purebred chicken eggs (0.05% mtm), tomatoes (0.03% mtm), Chinese spinach and bottled water (0.02% mtm) as well as water spinach, mackerel, rice with a side dish, powder/liquid detergent and filtered clove cigarettes each (0.01% mtm). In contrast, cooking oil (0.05% mtm), intercity travel fares and purebred chicken meat (0.03% mtm) as well as beef, garlic, fresh shrimp and gold jewellery each (0.01% mtm) experienced deflationary pressures.

Bank Indonesia will continue strengthening coordination with the Government and other relevant authorities as well as optimizing the policy mix strategy to maintain macroeconomic and financial system stability to support economic recovery momentum.

Jakarta, 17^th June 2022

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.