BI Rate Hike Trims IHSG Gains

The Jakarta Composite Index (IHSG) trimmed its gains at the start of the second trading session on Tuesday (9/6/2026). At the end of the first session, the IHSG closed up 4.8%, which was then pared to 3.67% at the beginning of session two. A total of 611 shares rose, 145 fell, and 203 were unchanged. The transaction value reached Rp 14.61 trillion, involving 24.26 billion shares and 1.54 million transactions.

Bank Indonesia’s Weekly Governor’s Meeting today, 9 June 2026, decided to raise the BI-Rate by 25 bps to 5.50%, the Deposit Facility rate by 25 bps to 4.50%, and the Lending Facility rate by 25 bps to 6.25%. “This increase is a follow-up measure to strengthen the stabilisation of the Rupiah exchange rate from the impact of high global turmoil due to the war in the Middle East, as well as a pre-emptive step to keep inflation in 2026 and 2027 within the government’s target range of 2.5±1%,” said BI Governor Perry Warjiyo on Tuesday (9/6/2026). Perry emphasised that this policy is also aimed at increasing yields to attract foreign portfolio investment inflows into Indonesia.

Meanwhile, according to Refinitiv data, as of 12:30 WIB, the rupiah was observed at Rp18,080/US$. This position saw the Garuda currency strengthen approximately 0.50% against the US dollar. With this position, the rupiah recorded a strengthening against the US dollar, compared to the previous day when the USDIDR rate was at a weakening level of Rp18,170, or depreciated 0.89%. In global markets, the US dollar index (DXY) was observed weakening since this morning. As of 12:30 WIB, the DXY fell 0.14% to 99.908. However, this position is still relatively high after the DXY sharply strengthened 0.66% in the last trading session of the previous week, recapturing the 100 level.