Securities Firm CEO Reveals Impact of High Interest Rates and MSCI Assessment

The Indonesian financial market is still confronted with uncertainty as the situation in the Middle East heats up again, alongside the era of high interest rates and global index assessments by MSCI and S&P regarding Indonesia. Amid these various external and internal pressures, Yakin Bertumbuh Sekuritas CEO Rangga Raharja assesses that the pressure on the Indonesian financial market has begun to subside. This is in line with oil prices starting to stabilise at the level of USD 70 per barrel, which has a major influence on Indonesia as an oil and gas importer. Moreover, Indonesia’s macroeconomic policies remain well maintained, including policies related to the Rupiah exchange rate. On the other hand, there remains investor concern over the potential downgrade of Indonesia’s status to Frontier Market, necessitating a role for authorities in fulfilling transparency rules on the Indonesian stock exchange.