Performance of Rupiah Stability Indicators (14th August 2020) - Bank Sentral Republik Indonesia
Navigate Up
Sign In
October 22, 2020
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 10-13th August 2020
End of Thursday, 13th August 2020
1.     The rupiah closed at a (bid) level of Rp14,700 per US dollar.
2.     Benchmark 10-year SBN yield decreased to 6.75%.
3.     DXY[1] weakened to a level of 93.34.
4.     US Treasury (UST) Note[2] yield increased to a level of 0.721%.
Friday Morning, 14th August 2020
1.     The rupiah opened at a (bid) level of Rp14,700 per US dollar.
2.     Benchmark 10-year SBN yield stable at 6.75%.
Foreign Capital Flows (Second Week of August 2020)
1.     Indonesia 5-year credit default swap (CDS)[3] premium decreased to 101.83bps as of 13th August 2020 from 107.28bps on 7th August 2020.
2.     Based on transaction data from 10-13th August 2020, non-resident investors booked a net sell totalling Rp4.74 trillion in the domestic financial markets, with a net sell recorded in the SBN market of Rp3.98 trillion and a net sell in the stock market of Rp0.76 trillion.
3.     Based on settlement data in 2020 (ytd), non-resident investors have booked a net sell totalling Rp148.19 trillion in the domestic financial markets.
B.    Inflation Remains Low and Under Control
1.     Based on the latest Price Monitoring Survey as of the second week of August 2020, inflation in August 2020 is predicted at 0.01% (mtm). Therefore, inflation in August 2020 for the calendar year is estimated at 0.99% (ytd) or 1.39% (yoy) annually.
2.     The main contributors to inflation in the reporting period were gold jewellery (0.11% mtm), red chillies (0.02% mtm) as well as cooking oil and mackerel (0.01% mtm). Meanwhile, several commodities experienced deflationary pressures, namely purebred chicken meat (-0.15% mtm), shallots (-0.06% mtm) as well as purebred chicken eggs, oranges and tomatoes (-0.02 % mtm).
Bank Indonesia will continue to strengthen coordination with the government and other relevant authorities 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.
 
 
 

[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.
[3] CDS or credit default swaps are an indicator often used as a proxy of country risk.
Tags:  

Survey

Is this article give you useful information?
Rate this article:
Comment:
Show Left Panel