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

Jahen F. Rezki (), Teuku Riefky (), Faradina Alifia Maizar (), Muhammad Adriansyah () and Tarisha Yuliana ()
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)
Muhammad Adriansyah: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)
Tarisha Yuliana: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)

No 202404, LPEM FEBUI BI Board of Governor Meeting Brief from LPEM, Faculty of Economics and Business, University of Indonesia

Abstract: Headline inflation accelerated to 3.05% (y.o.y) in March 2024. For the past six months, rising food prices have been the primary driver of annual inflation, influenced by a delayed harvest season, which has shifted to late March 2024 to April 2024. This month, increasing food prices were further exacerbated by increased demand for food commodities during Ramadan. Rupiah has been facing an enormous currency pressure and surge in capital outflow in the past two weeks, triggered by Middle East geopolitical tension and the ‘high-for-longer’ sentiment by the Fed. However, increasing policy rate might be costly to the real sector and BI has several policy options that can be utilized further supported by ample amount of reserves. Thus, we are in the view that BI should hold its policy rate at 6.00% for now.

Keywords: gdp; —; economic; —; economic; outlook; —; inflation; —; macroeconomics; —; interest; rate (search for similar items in EconPapers)
Date: 2024-04, Revised 2024-04
References: Add references at CitEc
Citations:

Downloads: (external link)
https://lpem.org/repec/lpe/queouts/BBG202404.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:202404

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 ().