Purbaya to Inject Rp2 Trillion Daily into Bond Market to Stabilise Rupiah

Finance Minister Purbaya Yudi Sadewa has ensured that various measures are being taken to help stabilise the rupiah exchange rate, including more active involvement in the bond market. “We have entered the bond market gradually. Foreign investors have also entered, so things should be more stable in the coming weeks,” said Minister Purbaya at the Presidential Palace Complex, Jakarta, on Monday, 18 May 2026.

“I will enter the bond market every day,” the Minister added. The government plans to implement a Bond Stabilisation Fund scheme using available budgets. When asked further regarding the amount of funds to be injected, Purbaya stated that he is requesting Rp2 trillion to enter the bond market every day. “We still have several avenues; that is just cash management. So, it is not a problem,” Purbaya explained.

He noted that the circulation of money in the bond market is projected to drive positive sentiment within the market. With positive sentiment, he explained, foreign investors will typically participate as well. Previously, on Tuesday last week (12/5), Minister Purbaya stated he was ready to stabilise the bond market by maintaining the yields of Government Securities (SBN) to help mitigate pressure on the rupiah exchange rate. The intervention in the bond market is intended to curb rising yields on Government Securities. Purbaya warned that excessive yield increases could trigger capital losses for foreign investors and encourage capital outflows. Previously, the rupiah exchange rate at the close of today’s trading weakened to Rp17,668 per US dollar from the previous Rp17,597 per US dollar.