Indonesia’s central bank, Bank Indonesia (BI), made no changes to its benchmark 7-day reverse repo, leaving it at 3.50% during its June monetary policy meeting held this Thursday.
The central bank governor Perry Warijyo said that a rise in covid cases remains a risk to the GDP growth.
Fed statement reduces uncertainty.
Household consumption, manufacturing activity, exports improve in Q2.
Maintains 2021 GDP outlook at +4.1% to +5.1%.
Keeps 2021 current account deficit estimate at 1% to 2% of GDP.
To continue strengthen rupiah stabilisation measure.
2021 inflation YoY seen within 2%-4% target range.
2021 net liquidity injection amounting to 94.03 trillion rupiah.
2021 bond purchase in primary market amounting to 116.26 trillion rupiah.
more to come ….