Research Analysis

HIGHLIGHT

  • Consumer Price Index (CPI) inflation in June 2024 remains maintained within the target range of 2.5 ± 1%. Based on data from the Central Statistics Agency, CPI inflation in June 2024 recorded deflation of 0.08% (mtm), so that on an annual basis it decreased to 2.51% (yoy) from the previous month's realization of 2.84% (yoy).
  • Indonesia's trade balance surplus in May 2024 increased to 2.93 billion US dollars, higher than the surplus in April 2024 of 2.72 billion US dollars.
  • The rupiah exchange rate closed at IDR 16,370/US$ in the last trade last week, Friday (28/6/2024). In the past week the rupiah exchange rate strengthened 0.46%.
  • The Bank Indonesia Board of Governors (RDG) meeting on 19-20 June 2024 decided to maintain the BI-Rate at 6.25%, the Deposit Facility interest rate at 5.50%, and the Lending Facility interest rate at 7.00%..
Monthly Economic & Market Outlook
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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.