{
    "success": true,
    "data": {
        "id": 1674561,
        "msgid": "rupiah-remains-above-17-100-level-in-afternoon-trading-pressured-by-middle-east-geopolitical-sentiment-1776077567",
        "date": "2026-04-13 16:38:23",
        "title": "Rupiah Remains Above 17,100 Level in Afternoon Trading, Pressured by Middle East Geopolitical Sentiment",
        "author": "Erlangga Djumena",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesian rupiah weakened slightly to Rp17,105 per US dollar on Monday afternoon, driven by escalating geopolitical tensions in the Middle East following the US announcement of a blockade on Iran's ports after failed peace talks. This situation is expected to boost energy prices and fuel inflation, potentially delaying US Federal Reserve rate cuts and keeping markets on edge ahead of upcoming producer price index data. Domestically, the Asian Development Bank forecasts Indonesia's economic growth at 5.2% for 2026, slightly above last year's figure but below the government's 5.4% target, while remaining within Bank Indonesia's inflation range.",
        "content": "<p>JAKARTA, KOMPAS.com - The rupiah exchange rate in the spot market\nweakened again at the close of trading on Monday (13\/4\/2026). The Garuda\ncurrency depreciated by 1 point or 0.01 percent to the level of Rp17,105\nper US dollar.<\/p>\n<p>Currency and commodity analyst, Ibrahim Assuaibi, assessed that the\nweakening of the Indonesian currency was caused by increasing\ngeopolitical tensions in the Middle East, which could potentially affect\nfinancial market stability.<\/p>\n<p>He explained that the United States\u2019 move to impose a blockade\nfollowed the failure of peace negotiations between the US and Iran over\nthe weekend.<\/p>\n<p>US President Donald Trump stated that the US Navy would begin\nblockading the Strait of Hormuz, thereby escalating the conflict and\nendangering the previously agreed two-week ceasefire.<\/p>\n<p>The US Central Command stated that the blockade would be enforced\nagainst all maritime traffic entering and exiting Iranian ports starting\nat 10:00 local time.<\/p>\n<p>The policy covers ships from various countries operating in Iranian\nports and coastal areas, including the Arabian Gulf and Gulf of\nOman.<\/p>\n<p>Nevertheless, the US emphasised that it would not interfere with the\nfreedom of navigation for ships transiting the Strait of Hormuz to\nnon-Iranian ports. Additional information will also be provided to\ncommercial shipping actors through official notices before the policy is\nimplemented.<\/p>\n<p>On the other hand, Iran\u2019s Revolutionary Guard stated that any\nmilitary ships approaching the Strait of Hormuz would be considered a\nviolation of the ceasefire and would be dealt with firmly.<\/p>\n<p>Ibrahim added that the situation is also driving up energy prices,\nwhich impacts inflation.<\/p>\n<p>The latest consumer price index data shows a surge in inflation,\nstrengthening expectations that the US central bank will not cut\ninterest rates soon.<\/p>\n<p>Market participants are now awaiting the release of the US producer\nprice index (PPI) data as a forward indicator of inflation\ndirection.<\/p>\n<p>From the domestic side, the Asian Development Bank (ADB) projects\nIndonesia\u2019s economic growth to reach 5.2 percent in 2026.<\/p>\n<p>This figure is higher than the previous year\u2019s realisation of 5.1\npercent, but still below the government\u2019s target of 5.4 percent.<\/p>\n<p>The projection is considered to still be within the Bank Indonesia\n(BI) inflation target range of 2.5\u00b11 percent.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-remains-above-17-100-level-in-afternoon-trading-pressured-by-middle-east-geopolitical-sentiment-1776077567",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}