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, March 2024

Wednesday March 20th, 2024

Headline inflation spiked up to 2.75% (y.o.y) in February 2024 as the pressure from food prices were mounting due to the combination of supply-side and demand-side pressure. Increasing intensity of El-Nino disrupt the supply  adequacy of food commodities while Ramadhan period drove up demand for food commodities. Furthermore, the surprising rise of the US inflation triggered a sentiment that the Fed might have to wait longer than previously expected to cut down policy rate from its current 23-year high. This has partially caused capital outflow from Indonesian bond market. Despite the mounting pressure on Rupiah, Rupiah has been rather stable in the past few weeks. Thus, we view that BI should hold its policy rate at 6.00%.

Download (PDF, 1.52MB)

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 »