Bank Indonesia (BI) recorded a surplus of USD 4.1 billion in Indonesia’s balance of payments in 1Q21, or better than 4Q20, which was a deficit of USD 0.2 billion. However, the current account deficit returned after recording a surplus in two consecutive quarters, namely: a surplus of USD 892 million in 4Q20 and a surplus of USD 1 billion in 3Q20. The 1Q21 current account recorded a deficit of USD 1 billion or 0.4% of the Gross Domestic Product (GDP). Previously, Indonesia recorded a surplus of USD 892 million or 0.3% of GDP. At the end of the week, the yield of 10-year Government Securities (SUN) FR0087 closed at 6.44 percent, according to Bloomberg data.
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