MACROECONOMIC ANALYSIS SERIES: BI Board of Governor Meeting, January 2020

Global investors are shifting their portfolio towards emerging countries, including Indonesia. Accompanied by relatively stable and rather well-performed domestic economic conditions,  amidst the global economic slowdown and rising uncertainties, capital flows are surging massively to Indonesia. The government’s commitment in fiscal discipline and managing the current account deficit well below the 3% threshold have raised the confidence of investors toward the Indonesian economy. BI’s signal on allowing some appreciation of IDR has also pushed the investors’ appetite in the short run.

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