- Based on data from the Central Statistics Agency (BPS), the Consumer Price Index (CPI) inflation in May 2021 was recorded at 0.32% (mtm), an increase compared to inflation in the previous month of 0.13% (mtm)
- The position of Indonesia's foreign exchange reserves at the end of May 2021 remained high at 136.4 billion US dollars, although it decreased compared to the position at the end of April 2021 of 138.8 billion US dollars.
- The rupiah exchange rate seems to have strengthened throughout the month of May 2021. The strengthening that occurred in May continued the strengthening of the rupiah in April which reached 0.55% in a month.
- The Deposit Insurance Corporation (LPS) at the Board of Commissioners Meeting (RDK) Thursday, 27 May 2021 has set a policy to reduce the LPS Guarantee Interest Rate for Commercial Banks and Rural Banks by 25 bps each
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.