BI committed to optimising all monetary operations instruments

Jakarta (ANTARA) - Bank Indonesia’s (BI) Senior Deputy Governor Destry Damayanti stated that the institution is fully committed to optimising all monetary operations instruments to maintain the rupiah’s exchange rate movements.

“We will optimise all the monetary operations instruments we have. So what we are continuously doing now is in a measured, continuous, and timely manner,” she said during the Central Banking Forum 2026 in Jakarta on Monday.

Following the escalation of the conflict between the US-Zionist Israel and Iran, currencies of several countries such as Indonesia, South Korea, Thailand, and the Philippines have experienced quite deep depreciation.

The rupiah itself has weakened by around 1.91% year-to-date, triggered by significant capital outflows (outflow) and rising global uncertainty.

To address this situation, she continued, BI is actively intervening in the spot market, Domestic Non-Deliverable Forward (DNDF), and the Non-Deliverable Forward (NDF) market.

Therefore, the institution is now operating 24 hours by optimising its representative offices in London and New York. Monitoring is carried out continuously, from financial markets in Singapore, China, to the United States (US) to ensure volatility remains controlled.

From a liquidity perspective, BI is targeting core money (base money) growth to remain above 10% as an indicator that the central bank is still pursuing expansive policies to support banking credit distribution.

Close coordination with the Ministry of Finance (Kemenkeu) and related stakeholders is also continuously carried out through the purchase or sale of securities at appropriate timings to maintain the attractiveness of domestic instruments.