Jakarta, ThedailyID — Bank Indonesia responded after the rupiah weakened close to Rp17,900 per US dollar amid growing pressure from global financial markets.
The currency movement attracted attention after the rupiah continued facing external pressure driven by global economic uncertainty and strong demand for the US dollar.
Bank Indonesia said the central bank continues monitoring market conditions closely and remains committed to maintaining rupiah stability through measured policy actions.
According to BI, the recent pressure mainly came from global sentiment, including uncertainty surrounding United States interest rate policy and geopolitical tensions that affected investor confidence.
The strengthening US dollar also pushed several Asian currencies lower during recent trading sessions.
Meanwhile, investors continued moving funds into safer assets as concerns over inflation and global economic slowdown persisted.
Bank Indonesia emphasized that Indonesia’s economic fundamentals remain relatively strong despite the current exchange rate pressure.
The central bank also highlighted stable inflation, controlled financial sector conditions, and ongoing coordination with the government to maintain economic stability.
Market analysts said rupiah volatility could continue in the short term if global uncertainty remains high.
However, they noted that BI still has several instruments available to stabilize the currency market, including foreign exchange intervention and monetary policy adjustments.
The rupiah’s movement remains closely watched because it can affect import prices, inflation, and investor sentiment toward Indonesia’s financial markets.
