TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsBREAKING: BI hikes key interest rate by 50 bps to stabilize rupiah
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Bank Indonesia (BI) Governor Perry Warjiyo presents the results of BI's latest Board of Governors meeting in an online press conference in Jakarta on May 20, 2026. (YouTube/Bank Indonesia YouTube channel)
B
ank Indonesia (BI) has increased its benchmark interest rate by 50 basis points (bps) to stabilize the rupiah, blaming the recent depreciation of the Indonesian currency on external pressure.
BI Governor Perry Warjiyo announced in a press conference on Wednesday that the decision was taken as “a further step to strengthen the stabilization of the rupiah exchange rate against the impact of heightened global volatility” triggered by the United States-Israeli war on Iran.
He added that the move was also a “pre-emptive measure” to keep inflation within the government’s target range of 2.5 plus/minus 1 percent in 2026 and 2027.
The rupiah strengthened on the news, rising to around 17,600 against the US dollar after touching 17,800 earlier in the day, a record low.
