Monthly Economic Review

THE COVID-19 PANDEMIC disturbed Indonesia’s economic stability. In Mar., monthly inflation reached 0.10%, reflects economic slowdown as demonstrated by deeper deflation of transportation. Prices of foods dropped thanked to supply from imports. The pandemic and its economic impact dragged down rupiah value, its average value fell by 10.3% (m-t-m). Rupiah was traded at Rp 16,367…

Friday Briefing

Economy: A substantial reduction of Indonesia’s official reserve was recorded in end of March when the reserve dropped to US$121.0 billion, lower than USD130.4 billion as of end-February 2020. The position of official reserve assets was equivalent to finance 7.2 months of imports or 7.0 months of imports and servicing government’s external debt, which is…