RI financial markets remain under control amid global pressure: govt
Noor Faisal Achmad, the ministry’s director of economic stabilization strategy, stated that despite global risk-off sentiment triggering capital outflows, conditions in Indonesia remain under control.
“Our assessment shows that pressure on Indonesia remains relatively moderate,” Faisal said at the Central Banking Forum 2026 here on Monday.
He explained that the current depreciation of the rupiah exchange rate is still under control. For the record, the rupiah weakened 17 points, or 0.10 percent, to Rp17,121 per US$ on Monday morning, from the previous close of Rp17,104 per US$.
The current capital outflow, according to him, is more influenced by global factors and not by weakening domestic fundamentals.
This optimism is supported by a number of remaining solid domestic indicators.
For example, Indonesia’s manufacturing purchasing managers’ index (PMI) in March remained expansive at 50.1, although moderating compared to February’s 53.8.
The trade balance consistently recorded a surplus of US$1.27 billion in February 2026, continuing its 70-month surplus trend.
Inflation was also controlled at 3.48 percent year-on-year (yoy) in March 2026, and bank lending grew by 9.37 percent yoy.
These various indicators demonstrate that the domestic growth engine is still working well amidst global pressures.
“Despite global pressures, Indonesia’s economic fundamentals so far still provide us with optimism. The impact will be limited. The domestic growth engine is still working well,” Faisal remarked.
The government, he said, also continues to strive to maintain market confidence through prudent management of the State Budget (APBN), maintaining financing credibility as well as ensuring the market understands that the government’s response is anticipatory and measured.
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Translator: Imamatul Silfia, Yashinta Difa