Research Analysis


  • Data from the Central Statistics Agency (BPS) shows that Indonesia's economic growth in the second quarter of 2023 was recorded at 5.17% (yoy), an increase from growth in the previous quarter of 5.04% (yoy).
  • The Central Statistics Agency (BPS), the Consumer Price Index (CPI) for August 2023 recorded a deflation of 0.02% (mtm), so that on an annual basis it experienced inflation of 3.27% (yoy).
  • Based on data from the Central Bureau of Statistics, Indonesia's trade balance surplus continued in July 2023 of US$1.31 billion, although it was lower than the surplus in June 2023 of US$3.45 billion
  • The Bank Indonesia Board of Governors (RDG) meeting on 23-24 August 2023 decided to maintain the BI 7- Day Reverse Repo Rate (BI7DRR) at 5.75%, the Deposit Facility interest rate at 5.00%, and the Lending Facility interest rate at 6 ,50%
Monthly Economic & Market Outlook
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Disclaimer :This document is for informational purposes only and obtained from a variety of reliable sources, but is not a guarantee the accuracy or completeness and should not be relied on completely. The above conditions may be changed at any time. Forbidden to rewrite anything without written permission from The East Java Regional Development Bank.