- Consumer Price Index (CPI) inflation in March 2021 was 0.08% (mtm), slightly lower than the previous month's inflation of 0.10% (mtm)
- Indonesia's balance of payments (BOP) in the fourth quarter of 2020 remained good, thus supporting external resilience. The balance of payments in the fourth quarter of 2020 had a low deficit of US $ 0.2 billion, supported by a continuing surplus in the current account, amidst low deficit capital and financial transactions.
- The central bank of the United States (US) The Federal Reserve (The Fed) maintains interest rates low, namely in the range of 0 percent to 0.25 percent..
- The Bank Indonesia Board of Governors Meeting (RDG) on 17-18 March 2021 decided to maintain the BI 7-Day Reverse Repo Rate (BI7DRR) at 3.50%, the Deposit Facility rate at 2.75%, and the Lending Facility interest rate at 4.25%
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.