Update COVID-19 in Indonesia: 497,668 confirmed infections, 15,884 deaths (23 November 2020)
23 November 2020 (closed)
USD/IDR (14,178) +50.00 +0.35%
EUR/IDR (16,949) +36.46 +0.22%
Jakarta Composite Index (5,652.76) +81.11 +1.46%
Indonesia Investments updated the analysis of Indonesia's inflation rate in our Macroeconomic Indicators section. Indonesian inflation, which is traditionally more volatile and higher (due to robust economic growth) than in advanced countries or other emerging markets, accelerated recently after administered price adjustments in mid-2013 (particularly higher fuel prices). As a result, Bank Indonesia required to raise its benchmark interest rate (BI rate) gradually from 5.75 percent in June 2013 to 7.50 percent in November 2013.