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

Jahen F. Rezki (), Teuku Riefky () and Faradina Alifia Maizar ()
Additional contact information
Jahen F. Rezki: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)
Teuku Riefky: 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 202403, LPEM FEBUI BI Board of Governor Meeting Brief from LPEM, Faculty of Economics and Business, University of Indonesia

Abstract: General inflation increased to 2,75% (yoy) in February 2024 following an increase in food prices due to a combination of pressure from the demand and production sides. The increasing intensity of El-Nino disrupts the adequate supply of food commodities, while the Ramadan period causes an increase in demand for food commodities. Furthermore, the unexpected rise in US inflation sparked sentiment that the Fed needed to postpone reducing its benchmark interest rate from its highest point in the last 23 years. This condition is quite influential in the occurrence of capital outflows from the Indonesian bond market. Despite the high pressure on the Rupiah, in the last few weeks the movement of the Rupiah has tended to be stable. So, we are of the view that BI needs to hold its benchmark interest rate at 6,00%.

Keywords: gdp; —; economic; —; economic; outlook; —; inflation; —; macroeconomics; —; interest; rate (search for similar items in EconPapers)
Date: 2024-03, Revised 2024-03
References: Add references at CitEc
Citations:

Downloads: (external link)
https://lpem.org/repec/lpe/queouts/BBG202403.pdf First version, 2024 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lpe:gomeet:202403

Access Statistics for this paper

More papers in LPEM FEBUI BI Board of Governor Meeting Brief from LPEM, Faculty of Economics and Business, University of Indonesia Contact information at EDIRC.
Bibliographic data for series maintained by Bintoro Seto ().