Investor Presentaiton
Source: BI- Indonesia Central Bank
Economic Performance
Source BI - Indonesia Central Bank
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In September 2013, Indonesia's central bank increased their benchmark BI rate by 25 bps to 7.25%, to fight against increasing inflation
and weakening IDR against main currencies. Bank Indonesia also raised the overnight deposit facility rate, known as FASBI, to 5.5% in
September 2013.
August 2013 inflation was recorded at 8.79% y-o-y. This is the highest level since 2009 due to expected fuel price hike to be taken by
the Government in the second semester prior to Idul Fitri holidays.
The rupiah fell to a four year-low of 11.461 to the U.S. dollar by the end of September 2013, even though the central bank was
suspected to have sold around $200 million of dollars to calm the market. Gradual but persistent weak data on Indonesia, started with
slower economic growth, quickened inflation, widening trade deficit, and lastly wider current account deficit has, sent bonds, stock, and
IDR currency fell significantly.
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