ASIATODAY.ID, JAKARTA – Bank Indonesia (BI) recorded a capital inflow of US$4 billion in the domestic financial market in the second quarter of 2024 amidst still high uncertainty in the global financial market.
“Foreign capital inflows in the form of portfolios in the second quarter of 2024, until June 14 2024, recorded net inflows of US$ 4.0 billion,” he said in a press conference on the results of the Board of Governors Meeting (RDG) on Thursday, June 20 2024.
Perry said Indonesia’s external resilience remains maintained, one of which is supported by Indonesia’s balance of payments (NPI) which remains good. BI estimates that the current account deficit in the second quarter of 2024 will be low, supported by a continuing trade balance surplus, which as of May 2024 was recorded at US$5.6 billion.
Indonesia’s foreign exchange reserve position at the end of May 2024 was recorded to have increased to US$139.0 billion, equivalent to financing 6.3 months of imports or 6.1 months of imports and payment of government foreign debt, and is above the international adequacy standard of around 3 months of imports. .
Perry estimates that the capital and financial transaction balance will continue to record a surplus, which is supported by an increase in foreign capital inflows both in the form of foreign direct investment (PMA) and portfolio investment.
This is in line with investors’ positive perception of the national economic prospects and attractive investment returns.
“BI estimates that the NPI in 2024 will be maintained with a current account in the low deficit range of 0.1% to 0.9% of GDP,” he explained. (ATN)
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