- Predicted that Indonesia's economic growth in the fourth quarter of 2019 will improve compared to the third quarter. Looking at the various factors of economic growth, the first is household consumption, investment also import and export..
- The November’s trade balance in November had a deficit of US $ 1.33 billion, after a surplus of US $ 0.16 billion a month before. This factor was mainly influenced by the increase in imports of consumer goods according to seasonal patterns towards the end of the year and the need for imports for productive activities.
- Rupiah exchange rate is fierce against the United States dollar (US) in the last trade of 2019, Tuesday (12/31/2019). Rupiah in the spot exchange trading closed up 59 points or 0.42% to the level of Rp13,866 per USD.
- The Federal Reserve decided to hold their interest rates in the range of 1.5 percent to 1.75 percent. The Bank Indonesia Board of Governors' Meeting (RDG) on 18-19 December 2019 decided to maintain the BI 7-Day Reverse Repo Rate (BI7DRR) at 5.00%, the Deposit Facility interest rate at 4.25%, and the Lending Facility interest rate at 5,75%
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.