Another factor that contributed to a stronger rupiah was record new credit in China at the start of the year. China's banks disbursed 1.32 trillion yuan (USD $217 billion) of new local-currency lending, the highest level since 2010 and higher than the market expected (1.1 trillion yuan). New credit is estimated to help China's economy maintain momentum.

The central bank's Jakarta Interbank Spot Dollar Rate (JISDOR) appreciated 1.43 percent to IDR 11,716 per US dollar on Monday (17/02). The yield on government bonds due March 2024 declined 19 basis points to 8.43 percent, the lowest level since 1 January 2014.

| Source: Bank Indonesia