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Markets 08:00 pm
PREMIUM
External pressure, fiscal risks weigh on rupiah
The rupiah has again breached a psychological threshold against the United States dollar as fading hope for a swift settlement of the Iran war pushes up global energy prices and inflation in Indonesia, triggering fresh capital outflows from Indonesia.
Opinion 07:00 am
PREMIUM
Analysis: Everything but the rate: BI balances growth, rupiah stability
Bank Indonesia (BI) opted to keep monetary policy supportive of growth on Sept. 23, holding its benchmark rate at 5.75 percent despite the United States Federal Reserve’s rate hike a week earlier. The decision, Governor Destry Damayanti’s second consecutive hold, reflects BI’s expanded mandate to support economic growth and job creation. Rather than raising rates to defend the rupiah, BI strengthened incentives for investors to hedge their currency exposure, seeking to balance growth with exchange-rate stability.
Opinion 2 weeks ago
PREMIUM
Analysis: Destry’s balancing act: Growth, stability, BI independence
Destry Damayanti has officially been appointed as the new Bank Indonesia (BI) governor, taking on the responsibility of navigating not only monetary policy challenges stemming from global instability and domestic economic pressures, but also a growing institutional challenge under President Prabowo Subianto’s administration. The revision of the Financial Sector Development and Strengthening Law (UU P2SK) has expanded BI’s mandate toward supporting economic growth alongside maintaining rupiah stability. This raises questions over the central bank’s autonomy as a monetary authority, as greater state influence and stronger fiscal policy priorities could constrain Destry’s ability to respond effectively to exchange rate and inflation pressures.
Regulations 1 month ago
PREMIUM
Destry promises 'same soul' at BI should she get the job
In a vetting process at the House of Representatives, Bank Indonesia (BI) governor nominee Destry Damayanti signaled continuity in monetary policy but emphasized a commitment to pushing economic growth should she be approved for the top job at the central bank.
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