The movement of the stock market this week may potentially be influenced by domestic economic data. BPS is scheduled to release data on Indonesia’s GDP; where consensus predicts economic growth in 2021 to be at 3.7%. Meanwhile, Bank Indonesia (BI) will announce the position of Foreign Exchange Reserves as of January 2022, which was last booked at USD144.9 billion. In addition, the central bank is also scheduled to hold its monthly Board of Governors Meeting (RDG) on 9-10 February 2022; where investors will await the latest monetary policy direction.
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