MACROECONOMIC ANALYSIS SERIES: BI Board of Governor Meeting, April 2019

A midst the reduced global uncertainty, Indonesian economy’s performance is relatively robust. Inflation rate has been too low, fell below the lower bound of BI’s target. After a slight depreciation at the beginning of March, Rupiah is relatively stable at IDR14,000.  Investor’s positive sentiment as the result of China’s better-than-expected manufacturing growth rate and better sentiment regarding the US-China trade war contributed to the continuing influx of portfolio investments into the emerging economies.

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