INDONESIA D AILY ECONOMIC UPDAT E Thursday, 22 August 2019 ECONOMIC HIGHLIGHTS • Bank Indonesia cut the 7-day reverse repo rate by 25 basis points to 5.50 percent. • Tax expenditures increased from IDR 197 trillion in 2017 to IDR 221 trillion in 2018. DAILY INDONESIAN FINANCIAL INDICATORS Change Change or total Date of since Unit Latest latest last In last In last Year-to- value value trading week* month* date day Stock market Jakarta Composite Index 6,239 22 Aug -0.2% -0.3% -2.6% 0.7% Net purchases by -0.34 22 Aug IDR, tn -- -2.2 -10.1 60.3 foreign investors Exchange rate: IDR/USD Bank Indonesia 14,234 22 Aug -0.2% -0.4% 1.9% -1.7% Bloomberg 14,239 22 Aug 0.0% -0.2% 1.8% -1.0% Government bonds Yield: 1 year IDR bond 6.2% 22 Aug bps -2.2 -10 14 -60 Yield: 5-year IDR bond 6.8% 22 Aug bps -6.0 -17 16 -117 Yield: 10-year IDR bond 7.4% 22 Aug bps -3.0 -15 12 -71 Foreign holdings of IDR bonds 1,007 20 Aug IDR, tn -- 0 -4 113 Indonesia USD bonds strip spread 191 21 Aug bps -2.3 -7 18 -46 Asia USD bonds strip spread 190 21 Aug bps -2.4 -4 19 -28 Indonesia sovereign CDS: 5yr, mid- 93 21 Aug bps -0.5 -3 6 -45 price Corporate bonds Indonesia USD bonds strip spread 309 21 Aug bps -11.7 -6 29 -103 Interest rates IndONIA 5.6% 21 Aug bps -6.9 -5.2 -6.1 -32.5 IndONIA spread relative 7.7 21 Aug bps 18.1 19.8 18.9 17.5 to policy rate International reserves 125.9 31 Jul USD, bn -- -- 2.1 5.2 * One week and month prior to latest observation SOURCES Data are taken from the following: the latest Jakarta Stock Exchange and Indonesian government IDR bond yield data are taken from the Indonesian Stock Exchange (www.idx.co.id). BI IndONIA and IDR mid exchange rates from Bank Indonesia (www.bi.go.id), after 5 pm each day. BI reports international reserves data directly. The Directorate General of Debt Management at the Indonesian Ministry of Finance provides data on the foreign holdings of IDR government bonds (www.djppr.kemenkeu.go.id). The CDS premium on 5- year Indonesian government USD bonds and Indonesian corporate bond spreads are sourced from JPMorgan.