{
    "success": true,
    "data": {
        "id": 1770571,
        "msgid": "finance-minister-purbaya-rupiah-weakness-unreasonable-1780013382",
        "date": "2026-05-28 18:43:13",
        "title": "Finance Minister Purbaya: Rupiah Weakness 'Unreasonable'",
        "author": "Erik Purnama Putra",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Finance",
        "summary": "Finance Minister Purbaya Yudhi Sadewa has stated that the rupiah's recent weakness is inconsistent with Indonesia's solid economic fundamentals, calling it 'unreasonable' given the improving foreign capital inflows. However, economist Yanuar Rizky cautioned that government bond market interventions could exacerbate the currency's decline if reliance on foreign funds remains high.",
        "content": "<p>The rupiah faced renewed pressure against the US dollar on Thursday,\nMay 28, 2026, with Bloomberg data showing it weakened to Rp 17,858 per\ndollar in morning trade. Amid the pressure, Finance Minister Purbaya\nYudhi Sadewa stated that the rupiah\u2019s weakness does not align with\nIndonesia\u2019s economic fundamentals. He argued that the domestic economy\nremains strong, making the pressure on the currency \u2018unreasonable\u2019.\n\u2018This is happening when fundamentals are good. It doesn\u2019t make sense.\nTypically, weakness occurs when there are disruptions to economic\nfundamentals,\u2019 Purbaya said in Jakarta. Purbaya explained that the\ngovernment, along with other parties, has taken steps in the government\nsecurities (SBN) market to keep bond yields under control. He said\nstable bond markets are crucial for maintaining investor confidence.\n\u2018Even as the rupiah weakens, bond yields have fallen due to government\nand market participants\u2019 buying efforts to stabilise yields,\u2019 he added.\nHe also noted that foreign capital inflows into domestic financial\nmarkets have started to return, making the rupiah\u2019s weakness\ninconsistent with national economic conditions. \u2018We\u2019ve started seeing\nforeign capital entering our public markets. This is illogical given the\nfundamentals,\u2019 said the former chairman of the Deposit Insurance Agency\n(LPS). Meanwhile, economist Yanuar Rizky warned that bond market\ninterventions could add further pressure on the rupiah if reliance on\nforeign capital remains high. \u2018If SBN interventions aim to maintain\nyields while global yields fall, liquidity theory suggests the rupiah\ncould weaken further,\u2019 he said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/finance-minister-purbaya-rupiah-weakness-unreasonable-1780013382",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}