BI Lowers Benchmark Interest Rate, Rupiah Strengthens at Week's End
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Bank Indonesia's (BI) decision to cut its benchmark 7-Day Reverse Repo Rate (7 DRRR) by 25 basis points to 5.75% has strengthened the rupiah. The rupiah strengthened by 0.14% against the US dollar to Rp 13,960 in Thursday's (July 18th) spot market trading.
The rupiah's strengthening continued on Friday (July 19th), appreciating by 0.18% to Rp 13,935 per US dollar. Over the week, the rupiah strengthened by 0.496%.
(See Databoks: [Rupiah Exchange Rate Approaches its Lowest Level This Year](https://databoks.katadata.co.id/datapublish/2019/05/09/nilai-tukar-rupiah-mendekati-level-terendahnya-tahun-ini))
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Related Data
Market Data
| Name | Value | % | |
|---|---|---|---|
| Inflasi yoy (Okt) | 3,23% | -0.05 | |
| Inflasi mom (Agu) | 0,21% | +0.35 | |
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Persentase kemiskinan (Mar) | 8,07% | -0.18 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 18.137 | -0.01 | |
| PDB ADHK (Q2) | 3.576,20 | +3.73 | |
| Ekspor Migas (Sep) | 951,70 | -4.08 | |
| Neraca perdagangan (Sep) | 3,36 | -5.51 | |
| Impor Migas (Agu) | 3,53 | -6.37 | |
| Ekspor (Sep) | 27,59 | +3.68 | |
| Impor (Agu) | 23,06 | -11.63 | |
| Kunjungan Wisman (Sep) | 1,43 | -10.79 | |
| NTP (Jul) | 116,16 | +1.32 |