• Indonesia election process in February was marked by peaceful and conducive atmosphere, key important element for stability.
• The exuberance in the market is now shifting towards Prabowo's significant initiatives.
• Tax Office Separation – the Key Assessment and Findings.
• Capital Market – Fixed Income Update.

GLOBAL UPDATES

• Slower US CPI and PCE in January 2024
• China CPI declined by 0.8% y-y in January 2024. 5Y LPR cut to 3.95%.

DOMESTIC UPDATES

• Indonesia economic growth remained stable.
• Foreign exchange reserves in Indonesia decreased to USD 145.1 billion in January 2024
• The Trade Balance surplus decreased to USD2.02bn
• Fiscal Surplus declined to IDR31.3tn in January 2024.
• Current Account deficit widened to USD1.3bn (0.4% in GDP) in 4Q23.
• Bank Indonesia maintained the BI-Rate at 6.00% in February 2024.
• An anticipation of a higher inflation rate is expected with the commencement of Ramadan.

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