IDEAS home Printed from https://ideas.repec.org/p/lpe/gomeet/202304.html
   My bibliography  Save this paper

BI Board of Governor's Meeting, April 2023

Author

Listed:
  • Jahen F. Rezki

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • 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))

  • Teuku Riefky

    (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))

Abstract

The inflation figure moved in a favourable direction as it decreased to 4.97% (y.o.y), getting closer to BI’s target range of 3±1%. From the external side, the pressure to delay monetary tightening by the US has created momentum for flow of funds into emerging markets, including Indonesia, resulting in capital inflows of IDR8.21 trillion in the second week of April 2023. As a result, Rupiah strengthened to IDR14,750 on 13 April 2023, making it one of the best performers among emerging peers. Considering these factors, we view that BI should hold its policy rate at 5.75% this month while continuing to apply macroprudential measures to support the growth momentum.

Suggested Citation

  • Jahen F. Rezki & Syahda Sabrina & Nauli A. Desdiani & Teuku Riefky & Amalia Cesarina & Meila Husna & Faradina Alifia Maizar, 2023. "BI Board of Governor's Meeting, April 2023," LPEM FEBUI BI Board of Governor Meeting Brief 202304, LPEM, Faculty of Economics and Business, University of Indonesia, revised Apr 2023.
    • Handle: RePEc:lpe:gomeet:202304
    as

    Download full text from publisher

    File URL: https://www.lpem.org/repec/lpe/queouts/BBG202304.pdf
    File Function: First version, 2023
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    gdp — economic — economic outlook — inflation — macroeconomics — interest rate;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lpe:gomeet:202304. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bintoro Seto (email available below). General contact details of provider: https://edirc.repec.org/data/feuinid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.