Wednesday, 13 Nov 2024

Indonesia posts $844 million deficit in Q4 BoP despite current account surplus

FILE PHOTO: Bank Indonesia’s logo is seen at its headquarters in Jakarta, Indonesia, January 17, 2019. REUTERS/Willy Kurniawan

JAKARTA (Reuters) – Indonesia posted an $844 million deficit in its balance of payments in the final quarter of 2021, due to capital outflows from its bond market, the central bank said in a report on Friday.

The current account surplus also shrank to $1.42 billion in the October-December quarter, equivalent to 0.4% of gross domestic product, compared with a $4.97 billion surplus in the previous three months, Bank Indonesia said.

Source: Read Full Article

Related Posts