- Based on data from the Central Statistics Agency (BPS), the Consumer Price Index (CPI) in August 2021 experienced inflation of 0.03% (mtm), lower than inflation in July 2021 which was recorded at 0.08% (mtm).
- Based on data from the Central Statistics Agency (BPS), Indonesia's trade balance in July 2021 returned to a surplus of USD 2.59 billion, higher than the surplus in the previous month of USD 1.32 billion.
- The rupiah exchange rate strengthened again on the second day since the beginning of the week. The spot rupiah exchange rate was at Rp 14,268 per United States (US) dollar on Tuesday (31/8). Rupiah strengthened 0.71% when compared to the close of trading the previous day..
- The Bank Indonesia Board of Governors Meeting (RDG) on 18-19 August 2021 decided to maintain the BI 7-Day Reverse Repo Rate (BI7DRR) at 3.50%, the Deposit Facility interest 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.