Bulletin of Monetary Economics and Banking

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This paper provides current analysis of the ongoing quarter, and brief outlook on the forthcoming quarter. We use a field survey along with estimation of macroeconomic models to provide the assessment and to make some projections on the monetary, the banking, and the payment system in Indonesia. This paper confirms the slowdown of the Indonesian economy during quarter two 2015 due to the slowing investment and the government expenditure, and the weak export performance. With the fiscal stimulus launched by the government, we expect to see an improvement in next two quarters. The lower current account deficit and manageable inflation will help to maintain the macroeconomic stability; however, the high global uncertainty will put depreciation pressure on Rupiah.

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