Research Analysis

HIGHLIGHT

  • Data from the Central Statistics Agency (BPS) shows that economic growth in the fourth quarter of 2023 grew by 5.04% (yoy), an increase compared to growth in the previous quarter of 4.94% (yoy).
  • Based on data from the Central Statistics Agency, CPI inflation in March 2024 was recorded at 0.52% (mtm), so that on an annual basis it will be 3.05% (yoy).
  • The Central Statistics Agency (BPS) noted that Indonesia's trade balance surplus in February 2024 was US$ 0.87 billion. This figure decreased by US$ 1.13 billion on a monthly basis, compared to January 2024 which was valued at US$ 2.02 billion.
  • The Bank Indonesia Board of Governors (RDG) meeting on 20-21 February 2024 decided to maintain the BI - Rate at 6.00%, the Deposit Facility interest rate at 5.25%, and the Lending Facility interest rate at 6.75%.
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.