JAKARTA – Bank Indonesia (BI) recorded a foreign capital outflow of IDR 12.31 trillion from the beginning of 2025 until last week (10/4), a reversal from two weeks earlier (26/3) before the Eid holidays, when an inflow of IDR 4.96 trillion was recorded.

According to BI’s press release on Monday (14/4), Ramdan Denny Prakoso, Executive Director of BI’s Communication Department, stated that foreign investors posted a net outflow of IDR 32.48 trillion from the stock market.

Meanwhile, net inflows amounted to IDR 20.16 trillion, consisting of IDR 7.11 trillion into Bank Indonesia Rupiah Securities (SRBI) and IDR 13.05 trillion into Government Securities (SBN).

Over the past week (8–10/4), total capital outflows reached IDR 24.04 trillion, comprising IDR 10.47 trillion from SRBI, IDR 7.84 trillion from SBN, and IDR 5.73 trillion from equities.

Before the long Eid holiday and the onset of the US-China tariff war in early April, BI had still recorded net foreign inflows in 2025. For instance, from the beginning of the year to March 26, BI recorded net inflows of IDR 4.9 trillion, with total foreign sales of IDR 32.02 trillion and net purchases of IDR 27.06 trillion. These comprised IDR 16.08 trillion in SBN and IDR 10.98 trillion in SRBI.

Meanwhile, Indonesia’s 5-year Credit Default Swap (CDS) stood at 113.35 basis points (bps) as of April 10, up from 105.75 bps on April 4, 2025. (LK/ZH)