{
    "success": true,
    "data": {
        "id": 1625389,
        "msgid": "how-bank-indonesia-plans-to-keep-the-rupiah-stable-1773928292",
        "date": "2026-03-19 19:55:18",
        "title": "How Bank Indonesia Plans to Keep the Rupiah Stable",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Finance",
        "summary": "Bank Indonesia has outlined measures to maintain rupiah stability during the 2026 Eid al-Fitr holiday amid rising global market volatility from the escalating Middle East conflict, including close monitoring of offshore trading and optimisation of monetary policy instruments. The rupiah weakened by 1.29% point-to-point as of mid-March 2026, with a net portfolio outflow of US$1.1 billion, though foreign exchange reserves remain robust at US$151.9 billion, covering over six months of imports. These efforts underscore BI's commitment to safeguarding macroeconomic stability and external resilience in the face of international uncertainties.",
        "content": "<p>TEMPO.CO, Jakarta - Bank Indonesia (BI) said it would maintain rupiah\nstability during the 2026 Eid al-Fitr holiday period as global market\nvolatility rises amid escalating conflict in the Middle East.<\/p>\n<p>Senior Deputy Governor Destry Damayanti said rupiah trading in the\noffshore market would continue even while Indonesia\u2019s domestic financial\nmarkets are closed for the holiday, creating the potential for\nfluctuations that could affect the national economy.<\/p>\n<p>Destry said the central bank would closely monitor offshore rupiah\ntrading and any resulting volatility, noting that movements in the\noffshore market could influence domestic economic conditions once\ntrading resumes.<\/p>\n<p>To contain pressure on the currency, BI said it would optimize a\nrange of monetary policy instruments to stabilize the rupiah and\nstrengthen Indonesia\u2019s external resilience. The measures are aimed at\nanticipating further escalation in the Middle East conflict, which could\nadd pressure to global financial markets. Reuters reported on March 17\nthat BI had kept its benchmark interest rate unchanged while signaling\nthat the war in the Middle East had limited room for further monetary\neasing.<\/p>\n<p>The central bank also said it remains open to policy adjustments if\nneeded to safeguard macroeconomic stability amid global uncertainty.<\/p>\n<p>According to Antara, the rupiah closed at Rp16,997 per U.S. dollar in\nJakarta trading on Tuesday, March 17, 2026. On the same day, the Jakarta\nInterbank Spot Dollar Rate (JISDOR) was recorded at Rp16,982 per U.S.\ndollar.<\/p>\n<p>Bank Indonesia said the rupiah had weakened 1.29 percent\npoint-to-point as of March 16, 2026, compared with the end of February\n2026. The central bank said the depreciation was broadly in line with\nweakness in other non-U.S. dollar currencies.<\/p>\n<p>BI also reported that portfolio investment in March 2026 recorded a\nnet outflow of US$1.1 billion, driven by heightened uncertainty in\nglobal financial markets amid the war in the Middle East.<\/p>\n<p>Earlier, cumulative capital and financial flows in January-February\n2026 still posted a net inflow of US$1.6 billion. However, Indonesia\u2019s\ntrade balance in January 2026 narrowed to a US$1 billion surplus, down\nfrom US$2.5 billion in December 2025, due to weaker demand for non-oil\nand gas exports.<\/p>\n<p>Despite those pressures, Indonesia\u2019s foreign exchange reserves\nremained at US$151.9 billion at the end of February 2026, according to\nBI. The central bank said the reserves were equivalent to 6.1 months of\nimports, or 5.9 months of imports and government external debt payments,\nwell above the international adequacy standard. BI disclosed the reserve\nlevel in a statement issued on March 6.<\/p>\n<p>Regional pressure on Asian currencies has also intensified as oil\nprices surged and investors sought safe-haven assets amid the widening\nMiddle East conflict, according to a Reuters poll published on March\n19.<\/p>\n<p>Read: Jakarta MRT to Apply Rp1 Fare on Eid Holiday<\/p>\n<p>Click here to get the latest news updates from Tempo on Google\nNews<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/how-bank-indonesia-plans-to-keep-the-rupiah-stable-1773928292",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}