International Reserves in Indonesia
Indonesia - International ReservesEconomic growth fell to a nearly two-decade low in the first quarter. Social distancing measures and weak sentiment hit domestic demand, while a softer contraction in imports reduced the contribution from the external sector. Turning to the second quarter, the economy is likely deteriorating further as the full impact of social distancing measuresâ€”which include a travel ban until end-Mayâ€”take their toll. In April, manufacturing conditions deteriorated at a record rate, consumer confidence tumbled to an over one-decade low and exports shrank sharply on weaker demand. In response to the gloomy macroeconomic picture, the government ramped up its fiscal stimulus in mid-May through the USD 43 billion national economic recovery program, which expands on previous stimulus packages.
Indonesia - International Reserves Data
|International Reserves (USD)||112||106||116||130||121|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia International Reserves Chart
Source: Bank Indonesia and FocusEconomics calculations.
|Bond Yield||7.10||-0.05 %||Dec 31|
|Exchange Rate||13,883||0.05 %||Jan 01|
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May 19, 2020
At its 18–19 May monetary policy meeting, Bank Indonesia (BI) left the seven-day reverse repo rate at 4.50% for the second straight meeting.
May 15, 2020
Exports declined 7.0% year-on-year in April (March: -0.4% year-on-year; previously reported: -0.2% yoy) on lower energy and non-energy exports.
May 12, 2020
Retail sales dropped 4.5% in year-on-year terms in March, which was a deterioration from February's 0.8% decrease.
May 5, 2020
Activity lost momentum in the first quarter, with GDP expanding 3.0% (Q4: +5.0% year-on-year), below market expectations of 4.0% and marking the weakest quarterly reading in nearly two decades. Domestic demand softened sharply in Q1 due to social distancing measures introduced in March and rising uncertainty as coronavirus cases accelerated.
May 4, 2020
The manufacturing Purchasing Managers’ Index (PMI) released by IHS Markit decreased from 45.3 in March to 27.5 in April.