Entering the last quarter of 2022, the Indonesian economy is quite conducive after the increase in fuel oil early September.
The government’s October 2022 fiscal budget increased, central government spending rising due to large energy compensation payments.
After the 75 bps FFR increase by the Fed in early November, Bank Indonesia raised the BI 7D RRR reference rate by 50 bps.
The average prices for breakfast ingredients such as oats, milk, coffee, and juice have stabilized after the peak in June 2022.
Bank Indonesia raised the benchmark interest rate to maintain the attractiveness of the Rupiah which could result in higher deposit rates.
Bank Indonesia raised BI 7DRRR benchmark interest rate by 50 bps, this is one of BI’s ways to maintain the attractiveness of Rupiah assets.
The US economy shows a slowdown but is not too nimble and the unemployment rate is still in good condition.
The demand for goods and services is increasing, this is due to the mobility of the people continue to grow.
The government gives support with Wage Subsidy Assistance, so the purchasing power of low-income people can be maintained.
Entering the second half of 2022, there are many concerns that arise due to rising inflation around the world.
