After BI Rate Hike, OJK Chief to Monitor Banking Sector

Jakarta - The Financial Services Authority (OJK) has responded to the sudden hike in Bank Indonesia’s (BI) benchmark interest rate, the BI Rate, decided today. OJK Board of Commissioners Chairman Friderica Widyasari Dewi said the authority respects all efforts made by BI to stabilise the rupiah exchange rate.

The woman affectionately known as Kiki continued that the OJK, as a member of the Financial System Stability Committee (KSSK), cooperates very closely with BI, the Ministry of Finance, and the Indonesia Deposit Insurance Corporation (LPS) in observing the current situation.

Regarding the impact on banking, Kiki conveyed that the OJK is certainly monitoring this. Especially for banks that have exposure to exchange rate movements.

“We continue to conduct assessments, but we are constantly monitoring the resilience of our financial services sector,” Kiki said when met at the Ministry of Finance’s Dhanapala Building on Tuesday (9/6/2026).

Besides banking, the OJK is also monitoring the impact of exchange rate movements across sectors. She cited the example of banking with the capital market.

“And to this day, we see that the condition of our financial services sector is still maintained. But of course, we will not be complacent and will continue to monitor developments,” concluded Kiki.

She hopes the economic situation will improve soon. However, Kiki reminded that various global volatilities still afflict the world, including Indonesia, such as the war in the Middle East.