- VIVAnews/Nurcholis Anhari Lubis
VIVAnews - During January 2011, Indonesia recorded capital outflow of around Rp2.6 trillion, causing the Jakarta benchmark index to go as low as 7.9 percent to 3,409.2.
Investors were more into profit taking. "Foreign investors book net selling value by Rp2.6 trillion," Bank Indonesia said in its monetary outlook.
According to Bank Indonesia (BI), the stock market decrease in early January was dominantly fired up by external and domestic factors such as the appreciation of US dollar and the rise in inflation rate.
DBS Chief Economist and Managing Director for Economy and Currency Research, David Carbon, earlier explained that the fall in stock prices is boosted by investors' concerns over hiking inflation rate. DBS makes a figure that the inflation rate may hit seven percent.
"Indonesia will record higher inflation rate amongst other Asian countries," he said.
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Translated by: Bonardo Maulana W
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