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Indonesia: End of the BI's easing cycle? – UOB

Indonesia: End of the BI's easing cycle? – UOB
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Indonesia: Trade Balance figures remain firm – UOB

Economist at UOB Group Enrico Tanuwidjaja evaluates the latest trade balance figures in Indonesia. Key Quotes “Indonesia posted another trade surplus

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Indonesia: Inflation expected to pick up in 2021 – UOB

2/2/2021 10:47:43 AM GMT | By Pablo Piovano Economist at UOB Group Enrico Tanuwidjaja and Haris Handy assess the recent inflation figures in Indonesia and the prospects for the current year. Key Quotes “Indonesia’s annual inflation rate slowed for the first time in five months to +1.55% y/y in January 2021 from +1.68% in the previous month; as Indonesia continues to see a spike in COVID-19 cases, surpassing 1 million cases and entering the worst period after 330 days into the pandemic. The pandemic continues to ravage the purchasing power of consumers while demand has yet to recover. Core inflation, which excludes volatile and government-administered prices, slowed slightly to +1.56% y/y in January from +1.60% a month earlier. Moreover, volatile prices slowed by +2.82% y/y in January 2021 from December 2020’s +3.62%.”

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Indonesia: BI leaves rates unchanged – UOB

1/22/2021 3:02:51 PM GMT | By Pablo Piovano Economist at UOB Group Enrico Tanuwidjaja and Haris Handy assessed the lates interest rate decision by the Bank Indonesia (BI). Key Quotes “Bank Indonesia (BI) decided to leave its benchmark rate unchanged at 3.75% at its January 2021 monetary policy meeting (MPC). Consequently, BI maintained the Deposit Facility rate at 3.00%, as well as the Lending Facility rate at 4.50%. BI stated that the decision is in line with lower inflation expectation, anchored external stability, and the continued need to support the pace of economic recovery.” “BI will also remain accommodative and continue to support various policies in order to build optimism for national economic recovery.”

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