{
    "success": true,
    "data": {
        "id": 1799400,
        "msgid": "foreign-capital-returns-after-bi-rate-hike-1781240085",
        "date": "2026-06-12 11:11:15",
        "title": "Foreign Capital Returns After BI Rate Hike",
        "author": "",
        "source": "TEMPO_ID_BISNIS",
        "tags": "",
        "topic": "Economy",
        "summary": "Bank Indonesia reports a positive response from foreign investors following its decision to raise the benchmark interest rate to 5.50 percent, with increased inflows into SRBI and government bonds. The rupiah strengthened but remains volatile, while an economist warns the rate hike may only provide temporary relief if depreciation is driven by external factors.",
        "content": "<p>Bank Indonesia (BI) stated that foreign investors responded\npositively to the increase in the benchmark interest rate to 5.50\npercent and the strengthening of domestic investment instrument yields.\nHead of the BI Communication Department Ramdan Denny Prakoso noted an\nincrease in foreign capital inflows into Bank Indonesia Rupiah\nSecurities (SRBI) and Government Bonds (SBN). \u201cThis is reflected in the\nincrease in foreign capital inflows to SRBI instruments following the\nSRBI auction on 10 June 2026,\u201d Denny said in a written statement on\nFriday, 12 June 2026. He also stated that foreign capital flows have\nbegun returning to the SBN market, particularly in short and medium\ntenors.<\/p>\n<p>In line with these developments, Denny said the rupiah exchange rate\nagainst the US dollar continued to strengthen and returned to below the\nlevel of Rp 18,000 per US dollar. He said BI will continue to monitor\nglobal and domestic financial market developments and maintain the\nattractiveness of domestic financial instruments to support foreign\ncapital inflows. The rupiah exchange rate had strengthened on Tuesday, 9\nJune and Wednesday, 10 June 2026. On Wednesday, 10 June 2026, the rupiah\nclosed 114 points stronger at Rp 17,944 per US dollar. However, the\nrupiah weakened again to Rp 17,988 per US dollar on Thursday, 11 June\n2026.<\/p>\n<p>Professor of Economics and Business at Airlangga University Rahma\nGafmi said BI\u2019s move to raise interest rates outside the monthly Board\nof Governors Meeting could be an effective shock therapy to calm the\nforeign exchange market. \u201cHowever, if yesterday\u2019s rupiah depreciation\nwas mainly triggered by external fundamental factors, such as the global\nstrength of the US dollar or geopolitical escalation, this 25 basis\npoint hike risks being only a temporary buffer at the cost of\nsacrificing domestic economic growth,\u201d Rahma told Tempo.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/foreign-capital-returns-after-bi-rate-hike-1781240085",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}