Institute for Economic and Social Research – Faculty of Economics and Business – Universitas Indonesia

Search
Close this search box.

Macroeconomic Analysis Series: BI Board of Governor Meeting, January 2024

Friday January 19th, 2024

Stood at 2.61% (y.o.y) in December, Indonesia’s inflation rate throughout 2023 has shown a downward trend and been successfully kept within BI’s target range. The 2023 inflation realization is substantially below 2022 full-year  inflation figure that reached a staggering level of 5.51% (y.o.y) due to skyrocketed commodity and energy prices. Before 2022, full-year inflation always fell short of 2% lower-band BI’s target range due to muted aggregate demand during Covid-19 period (1.68% (y.o.y) in 2020 and 1.87% (y.o.y) in 2021). On external front, Indonesia consistently maintained trade surplus throughout 2023; it was recorded at USD3.3 billion in December 2023. Relative to its peers’ currency, Rupiah performed rather unimpressive in the first two weeks of 2024 despite being rather stable. Considering  these factors, we view that BI should hold its policy rate at 6.00% this month.

 

Powered By EmbedPress

Recent Post

Macroeconomic Analysis Series: Monthly Inflation, April 2024

Thursday April 4th, 2024

LABOR MARKET BRIEF: Volume 5, Number 3, March 2024

Friday March 29th, 2024

The Impact of COVID-19 on Voter Turnout in the 2020 Regional Elections in Indonesia: Do Voters Care About Health Risks?

Thursday March 21st, 2024

Macroeconomic Analysis Series: BI Board of Governor Meeting, March 2024

Wednesday March 20th, 2024

Related Post

inflasi april

Thursday April 4th, 2024

Macroeconomic Analysis Series: Monthly Inflation, April 2024

Friday March 29th, 2024

LABOR MARKET BRIEF: Volume 5, Number 3, March 2024

COVID-19 on Voter

Thursday March 21st, 2024

The Impact of COVID-19 on Voter Turnout in the 2020 Regional Elections in Indonesia: Do Voters Care About Health Risks?

Translate »