BI Board of Governor's Meeting, July 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 202307, LPEM FEBUI BI Board of Governor Meeting Brief from LPEM, Faculty of Economics and Business, University of Indonesia

Abstract: The latest inflation figure eased and fell in the range of BI’s target of 3±1%. Other indicators, such as CCI and PMI, also showed that the domestic economy remained solid, with optimistic consumer expectations and producers standing above the expansionary territory. On the external side, the Fed’s decision to keep its rate unchanged has allowed Indonesia to maintain the yield spread between Indonesia Government Bonds and the US Treasury Bonds, which resulted in an adequate inflow to Indonesia and solid performance of Rupiah in comparison to other EM currencies. Given these considerations, BI should maintain its policy rate at 5.75% to stabilize Rupiah while observing the Fed’s decision at the upcoming FOMC meeting.

Keywords: gdp; —; economic; —; economic; outlook; —; inflation; —; macroeconomics; —; interest; rate (search for similar items in EconPapers)
Date: 2023-07, Revised 2023-07
New Economics Papers: this item is included in nep-sea
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https://lpem.org/repec/lpe/queouts/BBG202307.pdf First version, 2023 (application/pdf)

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