{
    "success": true,
    "data": {
        "id": 1744321,
        "msgid": "rupiah-plummets-mp-suggests-bank-indonesia-raise-interest-rates-1780679348",
        "date": "2026-05-17 15:34:57",
        "title": "Rupiah Plummets: MP Suggests Bank Indonesia Raise Interest Rates",
        "author": "Ardito Ramadhan",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Economy",
        "summary": "A member of the DPR's Commission XI has urged Bank Indonesia (BI) to increase its benchmark interest rate in an attempt to curb the Rupiah's depreciation against the US dollar, which has now fallen below Rp 17,600. The MP believes that while the Financial System Stability Committee (KSSK) is working hard, raising interest rates will help rebalance the currency and bring the dollar down.",
        "content": "<p>JAKARTA, KOMPAS.com - Member of DPR\u2019s Commission XI, Eric Hermawan,\nhas asked Bank Indonesia (BI) to raise its benchmark interest rate (BI\nRate) in order to curb the Rupiah\u2019s weakening against the US dollar,\nwhich today has fallen below Rp 17,600.<\/p>\n<p>\u201cBank Indonesia works day and night to maintain a stable BI Rate, and\nI suggest that BI raise interest rates so that there is a balance for\nthe dollar, thus (the dollar) will fall,\u201d said Eric in a statement on\nSunday (May 17, 2026).<\/p>\n<p>Eric himself believes that the Rupiah\u2019s weakening is not due to the\nFinancial System Stability Committee (KSSK) not working hard.<\/p>\n<p>\u201cThe government, through the Minister of Finance, has worked hard to\ncurb the rise of the dollar with several banking programs that promote\nthe growth of MSMEs and the corporate sector,\u201d he said.<\/p>\n<p>Meanwhile, from the capital market side, Eric believes that the OJK\nhas also done its best to stabilize the stock exchange.<\/p>\n<p>In addition, Eric also asked food entrepreneurs not to speculate by\nunilaterally raising prices. According to him, this will trigger a surge\nin inflation which will directly impact the purchasing power of\nlower-income people.<\/p>\n<p>When inaugurating 1,061 Red and White Village\/Urban Cooperatives on\nSaturday (May 16, 2026), President Prabowo Subianto stated that the\npublic does not need to worry about the Rupiah\u2019s weakening as long as\nMinister of Finance Purbaya Yudhi Sadewa is still smiling.<\/p>\n<p>\u201cPurbaya is very popular right now. As long as Purbaya can smile,\njust be calm, don\u2019t worry. Even if the dollar reaches thousands, it\ndoesn\u2019t matter because you in the villages don\u2019t use dollars, does it?\nIt\u2019s those who are worried, those who like to go abroad, who should be\nconcerned,\u201d said Prabowo.<\/p>\n<p>Prabowo claims that Indonesia has a strong economy and fundamentals\nand people must believe in that.<\/p>\n<p>\u201cBelieve that our economy is strong, our fundamentals are strong. Let\npeople say whatever they want, Indonesia is strong. Believe in our\nstrength. Believe in our people. All leaders must work for the people,\u201d\nhe said.<\/p>\n<p>KOMPAS.com is committed to providing clear, trustworthy and balanced\nfacts. Support the sustainability of quality journalism and enjoy\nad-free reading by joining KOMPAS.com Plus now.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-plummets-mp-suggests-bank-indonesia-raise-interest-rates-1780679348",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}