Investor Presentaiton
Economic highlights
• Economy grows moderately on the back of resilient domestic
consumption, still one of the highest among major economies
• Good terms of trade and trade surplus to continue in 2023
albeit commodity prices will normalize.
• Investment still has room for growth driven by foreign and
domestic projects, and government capital expenditures.
• Bank Indonesia increased its policy rate by 225 bps in total to
5.75% over the last 6 months to anticipate global headwinds
and maintain domestic growth momentum.
Inflation and BI Rates (%)
7%
6%
5% 4.75
4.75
4.37
4.25
4%
3.83
3.72
3.45
3.41
3.49
3.20 3.23
2.96
3%
2.79
2%
Inflation
1%
BCA
Always by your side
6.00
BI 7-day (Reverse) Repo Rate
5.95
5.75
5.75
5.51
5.50
5.25
5.50
5.00
4.94
5.25
4.50
4.75
4.00
4.35
4.25
3.75
3.50 3.50 3.50
3.75
2.64
2.68
2.18
2.48
1.96
1.68 1.68 1.60
1.32
1.33
Jun-16 Feb-17 Oct-17 Jun-18 Feb-19 Oct-19 Jun-20 Feb-21 Dec-21
TTTTTTT
Jun-22 Jan-23
Rupiah/USD
17,000
2021
2022
2023
16,575
Real GDP
3.30%
5.72%*
4.78%
16,000
15,743
15,235
CPI
1.87%
5.51%
4.43%
14,890
15,000
14,938
14,525
14,674
14,565 14,493
15,158
14,209
BI 7-D Rate
3.50%
5.50%
6.00%
14,668
13,830
14,000
13,661 13,565
13,609
13,853
14,076
USD/IDR
14,364
15,228
16,292
13,265
13,920
13,878 13,895
13,289
13,583
13,000
13,256
CA (% of GDP)
0.29%
1.28%*
-0.19%
13,057
13,156
12,955
*) Q3-22 number
12,000
Source: Bank Indonesia & BPS for 2022, BCA economist for 2023
Jan-16 Jul-16 Feb-17
Source: Bloomberg
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Oct-17 Apr-18 Dec-18 Aug-19 Apr-20 Dec-20 Sep-21 May-22 Jan-23
Analyst Meeting FY-22
PT Bank Central Asia Tbk 4View entire presentation