- The Indonesian economy in 2020 experienced a growth contraction of 2.07 percent (c-to-c) compared to 2019
- The Indonesian economy in the fourth quarter of 2020 against the fourth quarter of 2019 experienced a growth contraction of 2.19 percent (y-on-y).
- Consumer Price Index (CPI) inflation in January 2021 was recorded at 0.26% (mtm), lower than the previous month's inflation of 0.45% (mtm).
- Indonesia's trade balance in December 2020 returned to a surplus, amounting to 2.10 billion US dollars, continuing the surplus that had occurred since May 2020.
- At the Federal Open Market Committee (FOMC) meeting that was held on January 26-27, 2021, the Fed decided to maintain the target range for the reference interest rate, aka the fed fund rate (FFR), at 0% to 0.25%.
- The Board of Governors Meeting (RDG) of Bank Indonesia on 20-21 January 2021 decided to maintain the BI 7-Day Reverse Repo Rate (BI7DRR) at 3.75%, the Deposit Facility rate at 3.00%, and the Lending Facility interest rate at 4.50%
Monthly Economic & Market Outlook
Disclaimer :This document is for informational purposes only and obtained from a variety of reliable sources, but is not a guarantee the accuracy or completeness and should not be relied on completely. The above conditions may be changed at any time. Forbidden to rewrite anything without written permission from The East Java Regional Development Bank.