IDEAS home Printed from https://ideas.repec.org/p/lpe/gomeet/202307.html
   My bibliography  Save this paper

BI Board of Governor's Meeting, July 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 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.

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, July 2023," LPEM FEBUI BI Board of Governor Meeting Brief 202307, LPEM, Faculty of Economics and Business, University of Indonesia, revised Jul 2023.
    • Handle: RePEc:lpe:gomeet:202307
    as

    Download full text from publisher

    File URL: https://www.lpem.org/repec/lpe/queouts/BBG202307.pdf
    File Function: First version, 2023
    Download Restriction: no
    ---><---

    Other versions of this item:

    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:202307. 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.