BI Board of Governor's Meeting, June 2023

Jahen Rezki, Syahda Sabrina (), Nauli A. Desdiani (), Teuku Riefky, Amalia Cesarina (), Meila Husna () and Faradina Alifia Maizar ()
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Syahda Sabrina: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)
Nauli A. Desdiani: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)
Amalia Cesarina: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)
Meila Husna: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)
Faradina Alifia Maizar: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)

No 202306, LPEM FEBUI BI Board of Governor Meeting Brief from LPEM, Faculty of Economics and Business, University of Indonesia

Abstract: Headline inflation rate eased to the upper range of BI’s target with benign core inflation. Amidst declining commodity prices driven by declining global demand, the trade balance still posted a modest surplus with a remarkable performance of imports reflecting the ongoing domestic economic improvements amid the risk of a global slowdown. Externally, the Fed’s current pause of rate hikes somehow brings fresh air for Indonesia to enjoy capital inflows and strengthened Rupiah to around IDR14,800-14,900. With the recent developments, we view BI should keep its policy rate at 5.75% this month to maintain price and exchange rate stability while continuing accommodative measures to support economic growth.

Keywords: gdp; —; economic; —; economic; outlook; —; inflation; —; macroeconomics; —; interest; rate (search for similar items in EconPapers)
Date: 2023-06, Revised 2023-06
New Economics Papers: this item is included in nep-sea
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https://lpem.org/repec/lpe/queouts/BBG202306.pdf First version, 2023 (application/pdf)

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Working Paper: BI Board of Governor's Meeting, July 2023 (2023)
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