BI Board of Governor Meeting

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The continuation of supply chain disruption and energy shortage as the impact of Russia and Ukraine’s conflict in various parts of the world have put pressures on the global inflation and the economic recovery process. Domestically, it has started to have impact as the inflation rate is also expected to accelerate this month like its...
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The global economy was not particularly in good condition recently. The uneven domestic demand recovery, continuation of supply chain disruption, and energy shortage in various parts of the world have created an inflation problem that serves as a hiccup to Covid-19 economic recovery. The outbreak of war served as fuel to the flame of current...
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After the Delta outbreak, Indonesia is currently facing the Omicron wave. As of 7th February, daily new cases were reported at more than 27,000 cases (7-day moving average) and many predicted it will peak at the end of February 2022.   Despite rising cases, several economic indicators keep progressing, indicating recovery still remains. Similar to GDP...
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Consumption and production activities gradually rebound and approaching normal level, as indicated by an increase in inflation and above-target tax revenue. However, public may not have full confidence yet as the GoI confirmed the first first recorded case of Omicron variant in December when daily confirmed cases were around 200 and it has been rising...
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  Domestic economic activity continues to improve, in line with improving public confidence as captured by rising inflation as well as the CCI and PMI.  However, the rise in Covid-19 new cases in several countries due to the novel Omicron variant that appears to be spreading faster poses a very high global risk, which could...
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The latest development has been quite eventful. The combination of massive stimulus injection in the past and sooner-than-expected rise in aggregate demand has pushed countries to curb the inflationary pressure by applyingmonetary tightening, and one of those countries is the US, which officially started its tapering off earlier this month. On the domestic side, daily...
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Faster and widespread vaccination programs along with accommodative policy responses through both fiscal and monetary stimulus are essential to regain growth momentum following the aftermath of the Delta outbreak. Economic activities have gradually gaining traction after government began carefully lifting the emergency public activity restriction (PPKM). The recent issuance of the law on Harmonization of...
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