Chartbook

Indonesia's economy held firm through May 2026. Headline CPI inflation edged up to 3.4% YoY as food prices firmed, though core inflation stayed anchored at 2.6%. Bank Indonesia raised the policy rate by 25bps to support the rupiah amid renewed emerging-market outflows, while foreign reserves rose to USD 158bn (~6 months of imports). The trade balance widened on a 7.2% rebound in exports, and the Manufacturing PMI returned to expansion at 52.3.

Bank credit growth remained solid at 10.7% YoY with non-performing loans broadly stable, and real GDP growth held near 5.0%, led by manufacturing, trade and construction. Risks remain tilted toward external volatility — global interest rates, commodity prices, and portfolio-flow swings across emerging markets.