Bank Indonesia Policy Mix

Stable Monetary Environment Despite Challenges Well Maintained Inflation Ensured Price Stability Strengthened Monetary Policy Framework CPI (%, yoy) rhs (%) 8.00 19 August 2016 The New Monetary Core (%, yoy) - lhs Operation Framework 7.00 Volatile Food (%, yoy) - lhs2 LP Rate: 7.00 Administered (%, yoy) - lhs BI Rate: 6.50 6.00 3.51 5.00 H 4.00 1.3 1.6 3.00 0.99 2.00 2013 2014 2015 2016 2017 2018 2019 2020 Sep-21 Rupiah Exchange Rate Fared Relatively Well Compared to Peers Jan-16 Mar-16 May-16 Credit Growth Profile Jul-16 Q3-2016 Q1-2017 Q3-2017 LF Rate: 4.25 BI 7Day RR Rate: 3.50 DF Rate: 2.75 Q1-2018 Q3-2018 Q1-2019 Q3-2019 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Oct-21 YTD 2021 vs 2020 % yoy 20.0 TRY BRL -20.46 -14.36 -3.991.85 15.0 JPY -9.79 -1.80 THB -10.56 INR -2.7.24 10.0 0.50 -5.54 PHP 1.26 5.0 -0.43 IDR 1.55 -3.19 MYR 1.60 0.0 -1.99 SGD 2.89 Total Growth -7.57 -5.0 KRW ■point-to-point 3.98 EUR -6.09 Working Capital Loans average 4.38 0.82 -10.0 CNY 6.67 ZAR As of 18-Oct-21 -1.04 12.50 -25.0 -20.0 -15.0 -10.0 Source: Reuters, Bloomberg (calculated) -5.0 0.0 5.0 10.0 15.0 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 2.95 2.85 2.21 0.37 127

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