IDEAS home Printed from https://ideas.repec.org/p/lpe/gomeet/202401.html
   My bibliography  Save this paper

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

Author

Listed:
  • 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))

Abstract

Stood at 2.61% (yoy) in December, Indonesia's inflation rate throughout 2023 has shown a downward trend and has been successfully kept within BI's target range. The 2023 inflation realization is substantially below the 2022 full-year inflation figure that reached a staggering level of 5.51% (yoy) due to skyrocketed commodity and energy prices. Before 2022, full-year inflation always fell short of 2% lower-band BI's target range due to muted aggregate demand during Covid-19 period (1.68% (yoy) in 2020 and 1.87% (yoy) in 2021). On external front, Indonesia consistently maintained trade surplus throughout 2023; it was recorded at USD3.3 billion in December 2023. Relative to its peers' currency, the Rupiah performed rather unimpressive in the first two weeks of 2024 despite being rather stable. Considering these factors, we view that BI should hold its policy rate at 6.00% this month.

Suggested Citation

  • Jahen F. Rezki & Teuku Riefky & Faradina Alifia Maizar, 2024. "Macroeconomic Analysis Series: BI Board of Governor Meeting, January 2024," LPEM FEBUI BI Board of Governor Meeting Brief 202401, LPEM, Faculty of Economics and Business, University of Indonesia, revised Jan 2024.
    • Handle: RePEc:lpe:gomeet:202401
    as

    Download full text from publisher

    File URL: https://lpem.org/repec/lpe/queouts/BBG202401.pdf
    File Function: First version, 2024
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;

    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:202401. 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.