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 (Jun) | 3,34% | +0.26 | |
| Inflasi mom (Jun) | 0,44% | +0.16 | |
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Persentase kemiskinan (Des) | 7,50% | -0.75 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 18.040 | -0.02 | |
| PDB ADHK (Q1) | 3.447,70 | -0.77 | |
| Ekspor Migas (Mei) | 758,10 | -34.38 | |
| Neraca perdagangan (Mei) | -1,61 | -1,907.18 | |
| Impor Migas (Mei) | 4,51 | -1.82 | |
| Ekspor (Mei) | 23,20 | -8.30 | |
| Impor (Mei) | 24,81 | -1.59 | |
| Kunjungan Wisman (Mei) | 1,38 | +10.69 | |
| NTP (Jun) | 114,65 | +0.76 |