Friday Briefing

Economy: Ensuring Covid-19 vaccine availability is a crucial instrument for responding to the current pandemic as it could also aid national economic recovery. The remark was conveyed by Indonesian finance minister in the virtual meeting of G-20 Twenty Finance Ministers and Central Bank Governors. “The availability and access of vaccines is extremely necessary for COVID-19…

Monthly Economic Review

BOTTOM LINE: Capital outflows escalated in September and worsened the depreciation of rupiah despite the deflation. Bank Indonesia kept its monetary policy rate at 4 percent in a bid to stabilize the rupiah. Foreign reserves dropped to US$135.1 billion, largely used by the central bank intervening money market for avoiding further weakening of rupiah. In…