Investor Presentaiton

Economic highlights (2/2) 10-Yr Govt Bond Yield & USD-IDR Exchange Rate USD-IDR (Rp) 15,568 14,253 6.9 Inflation & BI 7-Day Reverse Repo Rate 15,455 6.9 BI 7D RRR (%) 3.50 Inflation (%) 5.51 5.50 GRUP CA BCA Always by your side 5.75 6.4 10-Yr Govt Bond Yield (%) 2.28 1.87 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Source: Indonesia Statistics (BPS), Bloomberg • External factors drive higher Indonesia Government bond yield, and add pressures on the Rupiah in 3Q 2023. • Bank Indonesia (BI) issues a new Rupiah denominated instrument (SRBI), offering attractive short-term yield to safeguard the currency stability. Trade balance remained in surplus. • Positive real rate differentials (versus US) may allow the central bank to keep the benchmark rate at 5.75%. . Catalysts: 1) Budget realization is at the slowest pace since 2018. Fiscal balance stood at 0.70% of GDP in Aug-23, implying more fiscal disbursements going forward; 2) Stronger investment flow • ⚫ Challenges: 1) More pressure on export commodity prices may deteriorate current account deficit; 2) Higher food prices may refuel inflationary pressure Analyst Meeting 9M-23 PT Bank Central Asia Tbk 5

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